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Silvercorp Metals Inc. Common Shares - SVM STOCK NEWS

Welcome to our dedicated page for Silvercorp Metals Common Shares news (Ticker: SVM), a resource for investors and traders seeking the latest updates and insights on Silvercorp Metals Common Shares stock.

Silvercorp Metals Inc. (TSX: SVM; NYSE AMEX: SVM) is a leading Canadian mining company engaged in the acquisition, exploration, development, and mining of precious and base metals. The company primarily operates in China and Mexico, producing silver, gold, lead, and zinc from its multiple mines. Silvercorp places a strong emphasis on generating shareholder value through free cash flow from long-life mines, organic growth via extensive drilling and discovery, and strategic mergers and acquisitions. The company is also committed to responsible mining and maintains high standards for environmental, social, and governance (ESG) practices.

Business Operations

Silvercorp's core business revolves around its producing mines in China, notably within the Ying Mining District and the GC Mine. The company has also expanded its exploration and development projects to Mexico. By leveraging its low-cost production model, Silvercorp remains profitable while focusing on discovering new resources through extensive drilling programs. The company continuously invests in infrastructure and operational efficiencies to enhance production capacity and reduce costs.

Recent Achievements and Projects

Silvercorp has reported notable financial and operational successes. For Q3 Fiscal 2024, the company generated $58.5 million in revenue and achieved a net income of $10.5 million. The company's balance sheet is robust, with $198.3 million in cash, cash equivalents, and short-term investments, and an equity investment portfolio valued at $124.0 million. Recent drilling programs at the TLP mine have yielded high-grade silver and lead intercepts, positioning the company for further resource expansion.

Strategic Initiatives

In its strategic initiatives, Silvercorp focuses on value creation through ongoing mergers and acquisitions. Recently, the company has announced an off-market takeover offer for OreCorp Limited, which has received conditional approval from both the Toronto Stock Exchange and the NYSE American. Additionally, Silvercorp has entered into a definitive arrangement agreement to acquire Adventus Mining Corporation, aiming to create a globally diversified green metals producer.

Commitment to Responsible Mining

Silvercorp is dedicated to responsible mining practices, emphasizing sustainable development, environmental stewardship, and community engagement. The company maintains rigorous quality assurance and quality control (QA/QC) programs to ensure the highest standards in sample preparation and analysis.

For more information, please visit the company’s website at www.silvercorpmetals.com.

News

CEO.CA Presents PDAC Recap: Exclusive Interviews From Mining Leaders

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CEO.CA Technologies Ltd., a leading investor social network, provides video coverage of the recent PDAC convention in Toronto. The company, founded in 2012 and a subsidiary of EarthLabs, Inc., offers a popular financial platform for global investors with high engagement and mobile features.
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Silvercorp Clarifies OreCorp Offer Intentions

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Silvercorp Metals Inc. announces its intention to file a third supplementary bidder statement for its off-market takeover bid for OreCorp Limited. The Company will not waive its 50.1% minimum acceptance condition, offering 0.0967 common shares of Silvercorp and A$0.19 cash per OreCorp share. The Offer is open until March 22, 2024, aiming to enhance the attractiveness of the deal while providing protection to OreCorp shareholders.
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Silvercorp Provides OreCorp Offer Update

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Silvercorp Metals Inc. announces the closing date for its off-market takeover bid for OreCorp Limited, urging shareholders to accept the offer due to increased timing and execution risks with Perseus Mining Limited's competing offer.
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Silvercorp Reports Adjusted Net Income of $11.5 Million, $0.06 per Share, and Cash Flow from Operations of $23.6 Million for Q3 Fiscal 2024

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Silvercorp Metals Inc. reports Q3 Fiscal 2024 financial and operating results, including a revenue of $58.5 million, net income of $10.5 million, and strong balance sheet with $198.3 million in cash and cash equivalents. The company also entered into a Bid Implementation Deed with OreCorp Limited for an off-market takeover. Operational results show increases in gold and zinc production, with a decrease in silver and lead production.
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Helen Cai Joins Silvercorp Board

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Silvercorp Metals Inc. announced the appointment of Helen Cai, a finance and investment professional, to its Board as an independent director. Ms. Cai has extensive experience in capital markets, corporate finance, and M&A transactions. She has worked with Barrick Gold Corporation, Largo Inc., and China International Capital Corporation, and has been recognized for her expertise and achievements in the financial industry. Dr. Rui Feng, Silvercorp's CEO, expressed optimism about Ms. Cai's contributions to the company's merger and acquisition efforts.
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Silvercorp Receives Tanzanian FCC Approval and Provides Further Updates on OreCorp Offer

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Silvercorp Metals Inc. has received unconditional approval from the Tanzanian Fair Competition Commission for the proposed transaction with OreCorp Limited. Each OreCorp director has accepted the Silvercorp Offer, and the independent expert appointed by OreCorp has concluded that the offer is fair and reasonable to OreCorp shareholders. The Silvercorp Offer is scheduled to close on February 23, 2024, and is subject to the Independent Expert's Report continuing to conclude that the offer is reasonable to OreCorp shareholders.
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Silvercorp Reports High-Grade Silver Drill Results at The TLP Mine

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Silvercorp Metals Inc. reports high-grade intercepts of silver mineralization in the Surface Zone and Production Zone at the TLP mine in China. The diamond drilling program has yielded positive assay results, showing significant potential for resource expansion and upgrading.
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Silvercorp Satisfies Another Condition in Connection with OreCorp Offer

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Silvercorp Metals Inc. has received authorization from the NYSE American for its off-market takeover offer for all shares of OreCorp Limited. The company anticipates the next step will be a merger-approval decision from the Tanzanian Fair Competition Commission. The OreCorp Board has recommended the Silvercorp Offer.
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Silvercorp Receives TSX Conditional Approval in Connection with OreCorp Offer

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Silvercorp Metals Inc. has received conditional approval from the Toronto Stock Exchange for the listing of shares in connection with an off-market takeover offer for OreCorp Limited. The company has also submitted all requested documents to the NYSE American and anticipates conditional approval shortly. The OreCorp Board has recommended the Silvercorp Offer, despite a competing offer from Perseus Mining Limited. Silvercorp's strong balance sheet and cash generation position it well for the development of the Nyanzaga project.
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Silvercorp Provides Update on OreCorp Transaction

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Silvercorp Metals Inc. announces the commencement of the offer document to the shareholders of OreCorp Limited for an off-market takeover offer. The offer includes 0.0967 common shares of Silvercorp and A$0.19 cash per OreCorp share, with a deadline for acceptance until February 23, 2024. The offer is open for acceptance by OreCorp shareholders until February 23, 2024 (Sydney time), unless extended.
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FAQ

What is the current stock price of Silvercorp Metals Common Shares (SVM)?

The current stock price of Silvercorp Metals Common Shares (SVM) is $3.37 as of November 21, 2024.

What is the market cap of Silvercorp Metals Common Shares (SVM)?

The market cap of Silvercorp Metals Common Shares (SVM) is approximately 723.9M.

What does Silvercorp Metals Inc. do?

Silvercorp Metals Inc. is a Canadian mining company that acquires, explores, develops, and mines precious and base metal mineral properties. The company primarily produces silver, gold, lead, and zinc from its mines in China and Mexico.

Where are Silvercorp’s primary operations?

Silvercorp’s primary operations are located in the Ying Mining District and the GC Mine in China, with additional exploration and development projects in Mexico.

How does Silvercorp create shareholder value?

Silvercorp creates shareholder value by generating free cash flow from long-life mines, driving organic growth through extensive drilling, making equity investments in potential opportunities, and pursuing mergers and acquisitions. The company also commits to responsible mining and ESG standards.

What are some recent achievements of Silvercorp?

Recent achievements include receiving conditional approval for an off-market takeover offer for OreCorp Limited, entering a definitive arrangement to acquire Adventus Mining Corporation, and reporting high-grade drilling results from the TLP mine. Financially, the company reported $58.5 million in revenue for Q3 Fiscal 2024 and net income of $10.5 million.

What is Silvercorp’s commitment to ESG?

Silvercorp is committed to responsible mining practices, emphasizing environmental stewardship, sustainable development, and community engagement. The company has implemented rigorous QA/QC programs to ensure high standards in sample preparation and analysis.

What strategic initiatives is Silvercorp undertaking?

Silvercorp is focusing on mergers and acquisitions to enhance its portfolio. Recent strategic initiatives include the off-market takeover offer for OreCorp Limited and the arrangement to acquire Adventus Mining Corporation, aiming to create a globally diversified green metals producer.

How is Silvercorp performing financially?

Silvercorp has demonstrated strong financial performance, with $58.5 million in revenue for Q3 Fiscal 2024 and a net income of $10.5 million. The company has a robust balance sheet, including $198.3 million in cash, cash equivalents, and short-term investments.

What are Silvercorp’s upcoming projects?

Upcoming projects include ongoing drilling and expansion efforts at the Ying Mining District and the GC Mine, as well as the potential development of new resources through the acquisition of OreCorp Limited and Adventus Mining Corporation.

How can I get more information about Silvercorp?

For more information about Silvercorp Metals Inc., please visit their website at www.silvercorpmetals.com.

Who can I contact for investor relations?

For investor relations, you can contact Lon Shaver, President of Silvercorp Metals Inc., at (604) 669-9397 or toll-free at 1(888) 224-1881. You can also email investor@silvercorp.ca for more details.

Stock SVM logo
Silvercorp Metals Inc. Common Shares

NYSE:SVM

SVM Rankings

#2811 Ranked by Market Cap
#1917 Ranked by Dividends

SVM Stock Data

723.94M
209.31M
3.66%
40.81%
3.26%
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