Silvercorp Metals Inc. Common Shares - SVM STOCK NEWS

Silvercorp Metals Inc. has reported assay results from its 2020 exploration program at the HPG mine, revealing significant gold mineralization. A total of 13,515 meters were drilled, with 69 of 140 holes intercepting mineralization. Noteworthy results include new vein discoveries, with one hole showing a 1.05 m interval grading 6.41 g/t gold. The exploration revealed two phases of mineralization—earlier gold-bearing structures followed by silver-lead-zinc. Further exploration will target overlooked gold-bearing structures. The program included extensive tunneling to enhance mineral resources.

Silvercorp Metals has filed a final short form base shelf prospectus in Canada (excluding Quebec) and a corresponding registration statement in the U.S. This allows the company to offer up to US$200 million in various securities over a 25-month period for greater financial flexibility. While there are no immediate plans for offerings, this step enhances potential future financing capabilities. The prospectus can be accessed via SEDAR and EDGAR. Silvercorp is focused on profitable silver, lead, and zinc production while ensuring sustainable growth and shareholder returns.

Silvercorp Metals Inc. (SVM) announced that its TLP, LME, LMW, and HPG mines in Henan Province, along with the GC mine in Guangdong Province, have achieved 'green mine' certification in China. This certification indicates the mines' commitment to minimizing environmental impact and promoting sustainable development. The TLP, LME, LMW, and HPG mines passed rigorous inspections with scores exceeding 80%, while the GC mine received its designation after a successful assessment. Green mine status offers benefits such as improved land security and fiscal support, enhancing Silvercorp's operational advantages.

Silvercorp Metals announced significant discoveries from its 2020 exploration program at the LMW mine in China's Ying Mining District. The program identified new gold zones and high-grade silver-lead mineralization, with ten drill rigs completing 132 holes over 37,869 meters. High-grade gold grades of 37.08 g/t Au were reported, alongside multiple veins containing high silver concentrations, notably 1,984 g/t Ag. Additionally, 8,684 meters of exploration tunnels were developed, exposing substantial mineralization. This discovery is expected to lower future tunnel development costs significantly.

Silvercorp Metals has declared a semi-annual dividend of US$0.0125 per share, payable to shareholders on record by November 25, 2020, with a payment expected by December 16, 2020. These dividends are eligible for Canadian tax purposes. The Company's future dividend declarations will depend on various factors, including commodity prices and financial results. Silvercorp continues to focus on profitable mining operations in China, aiming for sustainable growth and shareholder returns.

Silvercorp Metals Inc. (SVM) has filed a preliminary short form base shelf prospectus with Canadian regulators and a corresponding shelf registration statement with the SEC, allowing for an offering of up to US$200 million in securities over 25 months. The filings provide the company with increased financial flexibility, though there are no immediate plans for new securities. The prospectus is not yet effective, and no sales can occur until it is finalized. Silvercorp is known for its profitable mining operations in China, producing silver, lead, and zinc.

Silvercorp Metals reported strong financial results for Q2 Fiscal 2021, with revenues of $56.4 million, up 13% year-over-year. The company mined 267,853 tonnes of ore and sold approximately 1.7 million ounces of silver and 2,200 ounces of gold. Net income attributable to shareholders was $15.5 million, or $0.09 per share, reflecting a 27% increase. Cash flow from operations rose 13% to $29.6 million. Strong investment in junior exploration companies and a solid balance sheet with $200.1 million in cash were also highlighted.

Silvercorp Metals Inc. (SVM) announced successful exploration results from its LME mine in the Ying Mining District, China, for the period ending September 30, 2020. The drilling program achieved 13,515 meters with 21 out of 32 holes intersecting mineralization, notably in high-grade silver-lead zones. New vein structures were also identified. The program aims to reduce mining costs through existing tunnels, facilitating continued exploration, particularly for gold mineralization. Significant intercepts included grades of up to 7,131 g/t silver and 10.00 g/t gold.