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 June 7, 2024, with a payment date of the dividend scheduled on or before June 27, 2024. The dividends are considered eligible dividends for Canadian tax purposes. The declaration and payment of future dividends is at the discretion [...]
Silvercorp Metals reported its financial and operating results for the three months and twelve months ended March 31, 2024 HIGHLIGHTS FOR Q4 FISCAL 2024 Mined 195,160 tonnes of ore, milled 237,493 tonnes of ore, and produced approximately 1,916 ounces of gold, 1.2 million oz of silver, or approximately 1.3 million oz of silver equivalent, plus 12.5 million pounds of lead and 4.6 million pounds of zinc; Sold approximately [...]
Adventus Mining and Silvercorp Metals are pleased to announce that Adventus has closed its previously announced private placement of 67,441,217 common shares of Adventus at an issue price of C$0.38 per Common Share to Silvercorp for aggregate gross proceeds to Adventus of C$25,627,662. As previously announced on April 26, 2024, the Placement was completed in conjunction with the proposed acquisition by Silvercorp of all [...]
Silvercorp Metals and Adventus Mining are pleased to announce that the parties have entered into a definitive arrangement agreement pursuant to which Silvercorp has agreed to acquire all of the issued and outstanding common shares of Adventus by way of a plan of arrangement. Under the terms of the Arrangement Agreement, each holder of the common shares of Adventus will receive 0.1015 of one Silvercorp common share in [...]
Trading Symbol: Silvercorp Metals Inc. reports production and sales figures for the fourth quarter and fiscal year ended March 31, 2024 and the production and cost guidance for the 2025 fiscal year ending March 31, 2025 . The Company expects to release its Fiscal 2024 audited financial results on Thursday, May 23, 2024 after market close. Q4 Fiscal 2024 Operational Results Gold production of 1,916 ounces, up 92% over the [...]
Trading Symbol: Silvercorp Metals Inc. announced today that, further to its off-market takeover bid for all of the ordinary shares in OreCorp Limited , Silvercorp did not satisfy the 50.1% minimum acceptance condition prior to the close of the Offer on March 22, 2024 and elected not to exercise its "right to match" a competing offer for OreCorp. Silvercorp will remain entitled to payment of a break fee of approximately [...]
Trading Symbol: Silvercorp Metals Inc. reminds its shareholders, and shareholders of OreCorp Limited , that its off-market takeover bid for all of the ordinary shares in OreCorp that it does not already own will close at 7:00pm on March 22, 2024. Silvercorp notes that as of market close on Thursday March 14, 2024 the Silvercorp Offer has an implied value of A$0.60 per OreCorp share1. This represents a 9% premium to the [...]
Trading Symbol: Silvercorp Metals Inc. today wishes to inform its shareholders, and shareholders of OreCorp Limited , that it intends to file a third supplementary bidder statement to indicate that the Company will not waive its 50.1% minimum acceptance condition relating to its off-market takeover bid for all of the ordinary shares in OreCorp that it does not already own in exchange for consideration comprising 0.0967 [...]
Trading Symbol: Silvercorp Metals Inc. today announced that its off-market takeover bid for all of the ordinary shares in OreCorp Limited that it does not already own will now close at 7:00pm on March 22, 2024, unless further extended or withdrawn in accordance with the Corporations Act 2001 . The Silvercorp Offer is contained in the replacement bidder's statement issued by Silvercorp and dated January 16, 2024 . Notice [...]
Trading Symbol: Silvercorp Metals Inc. reports its financial and operating results for the three months ended December 31, 2023 . All amounts are expressed in US dollars, and figures may not add due to rounding. HIGHLIGHTS FOR Q3 FISCAL 2024 Mined 345,273 tonnes of ore, milled 312,500 tonnes of ore, and produced approximately 1,342 ounces of gold, 1.7 million ounces of silver, or approximately 1.8 million ounces of silver [...]
Trading Symbol: Silvercorp Metals Inc. today announced the appointment of Helen Cai to its Board as an independent director. Ms. Cai is a finance and investment professional with over two decades of experience, she is extensively versed in capital markets and all aspects of corporate finance from strategic planning to M&A transactions. Ms. Cai is currently an independent director of Barrick Gold Corporation and Largo [...]
Trading Symbol: Provides Unconditional Approval for Proposed Orecorp Transaction Independent Expert Appointed by Orecorp Concludes That the Silvercorp Offer Is Fair and Reasonable To Orecorp Shareholders, In The Absence Of A Superior Proposal Each Orecorp Director Has Accepted the Silvercorp Offer Silvercorp Metals Inc. today announced the Company received a Merger Clearance Certificate from the Tanzanian Fair Competition [...]
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