Silvercorp Metals Inc. T.SVM

Alternate Symbol(s): SVM

Metals & Mining Industrial Metals & Minerals

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) equity investments in potential world class opportunities; 4) ongoing merger and acquisition efforts to unlock value; and 5) long term commitment to responsible mining and ESG.

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Silvercorp Metals Inc.

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Post by Betteryear2on Sep 15, 2023 11:27am

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Post# 35638313

SILVERCORP ANNOUNCES SHARE REPURCHASE PROGRAM

VANCOUVER, BC, Sept. 15, 2023 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") 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 conditions result in Silvercorp's shares being undervalued relative to the value of its mining operations and corporate assets comprised of cash and cash equivalents and short-term investments of $200.6 million, in addition to investments in associates and other companies having a total market value of $71.7 million, both as at June 30, 2023.

SILVERCORP ANNOUNCES SHARE REPURCHASE PROGRAM (newswire.ca)

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