Silvercorp Metals is pleased to report assay results from its ongoing diamond drilling program at its LMW underground mine in the Ying Mining District located in Henan Province, China. LMW is one of seven underground mines at Ying, and the recent drilling focused on high-grade, low angle veins. Highlights include: High-angle Ag-Pb vein intercepts at the West Zone : Hole ZKX1613 intersected 2,705 grams per tonne silver [...]
Silvercorp Metals is pleased to report its plans to develop the Condor gold project. A preliminary economic assessment was completed on the Project1 by a previous operator, which outlined a high tonnage, low-grade, open pit gold project. The Project comprises a cluster of gold deposits in the Condor North area , with Camp and Los Cuyes contributing the majority of the known mineral resources. Each deposit is unique and [...]
Silvercorp Metals announced the closing of its previously announced private placement offering of US$150,000,000 aggregate principal amount of 4.75% convertible senior notes due 2029, which includes the exercise in full of the initial purchasers' option to purchase up to an additional US$20,000,000 aggregate principal amount of Notes. The Company intends to use the net proceeds from the Offering for the construction of [...]
Silvercorp Metals announced that it has priced its previously announced private placement offering of US$130,000,000 aggregate principal amount of 4.75% convertible senior notes due 2029. The Company also granted the initial purchasers of the Notes an option to purchase up to an additional US$20,000,000 aggregate principal amount of Notes, exercisable in whole or in part at any time until 20 days after the closing of the [...]
Silvercorp Metals announced that it has commenced a private placement offering of US$130,000,000 aggregate principal amount of convertible senior notes due 2029. The Company intends to grant the initial purchasers of the Notes an option to purchase up to an additional US$20,000,000 aggregate principal amount of Notes, exercisable in whole or in part at any time until 20 days after the closing of the Offering. The Notes [...]
Silvercorp Metals and Salazar Resources are pleased to announce that on Nov 12, 2024, the Provincial Court of Bolivar, in the province of Ecuador where the El Domo project is located, dismissed the appeal filed by the plaintiffs in respect of the Curipamba - El Domo constitutional protective action, affirming the rights of the Company's Ecuadorian subsidiary, Curimining S.A., to continue construction of the Project [...]
Silvercorp Metals is pleased to announce 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 29, 2024, with a payment date of the dividend scheduled on or before December 13, 2024. The dividends are considered eligible dividends for Canadian tax purposes. The declaration and payment of future dividends is at the [...]
Silvercorp Metals reported its financial and operating results for the three months ended September 30, 2024. HIGHLIGHTS FOR Q2 FISCAL 2025 Mined 361,440 tonnes of ore, milled 297,205 tonnes of ore, and produced approximately 1,183 oz of gold, 1.7 million ounces of silver, or approximately 1.8 million ounces of silver equivalent1, plus 13.2 million pounds of lead and 5.8 million pounds of zinc; Sold approximately 1,239 oz [...]
Silvercorp Metals reports production and sales figures for the second quarter of fiscal 2025 ended September 30, 2024 . Silvercorp expects to release its Q2 Fiscal 2025 unaudited financial results on Thursday, Nov 7, 2024, after market close. Q2 Fiscal 2025 Operational Results Revenue of approximately $68.0 million, an increase of 26% over the same quarter last year Ore mined of 361,440 tonnes, up 32% over Q2 Fiscal 2024 [...]
Silvercorp Metals is pleased to announce that the SGX Mine permit has been renewed for another 11 years with an increased capacity of 500,000 tonnes per year, based on the information posted on the website of the Mineral Rights Administration of the Department of Natural Resources of Henan Province. The Yuelianggou Mining License containing the SGX and HZG silver-lead-zinc mines, located in the western part of the Ying [...]
Silvercorp Metals 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 12, 2024, were approved by the requisite majority of votes cast at Silvercorp's annual general meeting held today. A total of 98,611,116 common shares, representing 45.55% of the votes attached to all outstanding shares as at the record date for the [...]
Silvercorp Metals is pleased to announce a normal course issuer bid commencing Sept 19, 2024, to acquire up to 8,670,700 of its own common shares, representing approximately 4% of the 216,767,513 common shares issued and outstanding as of Sept 5, 2024. The repurchase program will expire Sept 18, 2025. The NCIB is being implemented to provide enhanced flexibility should market conditions result in Silvercorp's shares being [...]
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