Silvercorp Metals Inc. Common Shares - SVM STOCK NEWS

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.

Silvercorp Metals (SVM) reported its Q2 Fiscal 2021 production results, with approximately 1.7 million ounces of silver, 1,100 ounces of gold, 19.1 million pounds of lead, and 7.1 million pounds of zinc produced. Total sales included 1.7 million ounces of silver and 2,200 ounces of gold. The company is on track to meet its annual production guidance of 6.2 – 6.5 million ounces of silver and 66.1 – 68.5 million pounds of lead. The Q2 report will be released on November 5, 2020.

Silvercorp Metals reported significant exploration results from its TLP mine in Henan Province, China, covering the period from October 1, 2019, to September 30, 2020. The drilling program involved 110 diamond drill holes, totaling 26,355 meters, with assay results for 71 holes indicating high-grade silver-lead mineralization. Key intersections include 1,125 g/t Ag and 4.43% Pb in vein T15W3. The exploration also identified new veins and utilized existing tunnel access to reduce development costs. Continuous drilling with ten rigs aims to uncover additional resource potential.

On September 25, 2020, Silvercorp Metals reported that all proposals submitted at its annual general meeting (AGM) were approved by shareholders. A total of 117,352,526 common shares were represented, equating to 67.27% of outstanding shares. Key voting results for the election of directors included Dr. Rui Feng receiving 99.38% approval and Marina Katusa 98.75%. Additionally, Deloitte LLP was re-appointed as the Company’s auditors for the upcoming year. Silvercorp continues its focus on profitable silver, lead, and zinc production in China, aiming to deliver strong shareholder returns.

Silvercorp Metals Inc. (SVM) announced that all matters submitted to shareholders at the annual general meeting on September 25, 2020, were approved. A total of 117,352,526 common shares, representing 67.27% of the outstanding shares, participated in the voting process. Key approvals included the election of directors, with Dr. Rui Feng receiving 99.38% of votes in favor. Additionally, shareholders re-appointed Deloitte LLP as auditors for the upcoming year. The company focuses on generating returns through efficient management and profitable project acquisitions.

Silvercorp Metals reported an updated NI 43-101 Technical Report, effective July 31, 2020, for its Ying silver-lead-zinc property in China. The report highlights an estimated 20.1 million tonnes of mineral resources in Measured and Indicated categories, with significant increases in contained metals since 2017. Mineral reserves stand at 12 million tonnes, with a projected life of mine until 2040, averaging 6 million ounces of silver annually through 2027. The pre-tax NPV is projected at US$954 million. The report emphasizes continued exploration potential.