Trading Symbol: TSX: SVM NYSE American: SVM Silvercorp Metals Inc. is pleased to announce the hiring of Mr. Kevin Moxham as General Manager of Tanzania Projects effective January 1, 2024. Reporting to the CEO and the President, Mr. Moxham's main responsibility will be to lead the construction and commissioning of the Nyanzaga Gold Project, along with related infrastructure, in Tanzania, once Silvercorp has assumed [...]
Trading Symbol: Silvercorp offers to acquire all OreCorp Shares it does not already own for A$0.19 cash plus 0.0967 Silvercorp shares per OreCorp Share Off-market takeover offer subject only to a 50.1% minimum acceptance condition Implied value of A$0.5891 per OreCorp share represents a: 40% premium to OreCorp's 20-day VWAP ending August 4, 2023 22% premium to OreCorp's 20-day VWAP ending December 22, 2023 The OreCorp [...]
Trading Symbol TSX: SVM NYSE American: SVM Silvercorp Metals Inc. is pleased to report high-grade gold-silver-lead-zinc intercepts from its ongoing diamond drilling program at the HPG mine in the Ying Mining District, China. Highlights : Surface hole ZK1645 intersected an 8.24 metre interval of vein H4 grading 4.31 grams per tonne gold , 15 g/t silver , and 2.10% lead , from 56.28 m depth, at an elevation of 819 m [...]
Silvercorp Metals Inc. notes the announcements made by Perseus Mining Limited in relation to its acquisition of a 19.9% interest in OreCorp Limited . Silvercorp is considering these announcements to determine an appropriate course of action in the best interests of Silvercorp shareholders. About Silvercorp Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability [...]
Trading Symbol: Silvercorp Metals Inc. announces that it has entered into an amendment to the binding scheme implementation deed dated August 5, 2023 entered into previously with OreCorp Limited , whereby Silvercorp agreed to acquire all fully-paid ordinary shares of OreCorp not held by Silvercorp or its associates , pursuant to an Australian scheme of arrangement . As a result of the Amending Deed, each OreCorp [...]
Trading Symbol: OreCorp's Scheme Booklet, including a fair and reasonable conclusion from the Independent Expert's Report, sent to OreCorp shareholders last week Scheme Meeting of OreCorp shareholders to take place at 10:00 am on December 8, 2023 Approval from the Tanzanian Fair Competition Commission for the proposed acquisition has been issued to Silvercorp Silvercorp generated $28.8 million in operating cash flow [...]
Silvercorp Metals announced that its Board of Directors declared a semi-annual dividend of US$0.0125 per share to be paid to all shareholders of record at the close of business on November 24, 2023, with a payment date of the dividend scheduled on or before December 15, 2023. The dividends are considered eligible dividends for Canadian tax purposes. The declaration and payment of future dividends is at the discretion of [...]
Trading Symbol: Silvercorp Metals Inc. reports its financial and operating results for the three months ended September 30, 2023 . All amounts are expressed in US dollars, and figures may not add due to rounding. HIGHLIGHTS FOR Q2 FISCAL 2024 Mined 273,465 tonnes of ore, milled 261,107 tonnes of ore, and produced approximately 2,458 ounces of gold, 1.6 million ounces of silver, or approximately 1.8 million ounces of [...]
Trading Symbol TSX: SVM NYSE American: SVM Silvercorp Metals Inc. is pleased to announce the publishing of its annual Sustainability Report for Fiscal 2023, detailing the Company's environmental, social, and governance performance, management, and targets. "We remain firmly committed to the integration of Environmental, Social, and Governance principles into our strategic planning, operations, and management," said Dr [...]
Silvercorp Metals Inc. reports production and sales figures for the second quarter of fiscal year 2024 ended September 30, 2023 . The Company expects to release its Q2 Fiscal 2024 unaudited financial results on Thursday, November 9, 2023 after market close. Q2 Fiscal 2024 Operational Results Gold production of 2,458 ounces, an increase of 105% over Q2 Fiscal 2023; Silver equivalent 1 production of approximately 1.8 [...]
Trading Symbol Silvercorp Metals Inc. today reported that all matters submitted to shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, both dated August 11, 2023, were approved by the requisite majority of votes cast at Silvercorp's annual general meeting held today. A total of 86,866,294 common shares, representing 49.13% of the votes attached to all outstanding shares as at [...]
Trading Symbol Silvercorp Metals Inc. announced today a normal course issuer bid to acquire up to 8,487,191 common shares of the Company, representing approximately 4.8% of the 176,816,488 common shares issued and outstanding as of September 5, 2023. The repurchase program will run from September 19, 2023 to September 18, 2024. The Company is taking this action to provide it with enhanced flexibility should market [...]
