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Silvercorp Metal - SVM STOCK NEWS

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

Silvercorp Metals Inc. (SVM) maintains this comprehensive news hub for investors tracking its mining operations and market position. Access official press releases and curated updates covering operational milestones, financial results, and strategic developments in precious metals production.

This resource provides timely insights into Silvercorp's core activities, including quarterly earnings, mineral exploration progress, and operational efficiency initiatives. Users will find updates on key projects in China, Mexico, and Ecuador, along with technical compliance achievements and resource expansion efforts.

The page aggregates critical information types: financial disclosures, production updates, exploration results, and corporate governance announcements. All content undergoes verification to ensure alignment with NI 43-101 standards and transparent reporting practices.

Bookmark this page to monitor Silvercorp's progress in maintaining low-cost silver production while expanding its base metals portfolio. Return regularly for updates on drilling programs, cost management strategies, and value-creating initiatives in the global mining sector.

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Silvercorp Metals Inc. reports production and sales figures for the third quarter ended December 31, 2023 of fiscal year 2024. Gold production increased by 22%, silver equivalent by 1.8 million ounces, zinc by 6%, and lead decreased by 16%. The company expects to release its Q3 Fiscal 2024 unaudited financial results on Thursday, February 8, 2024, after market close.
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Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has announced the hiring of Mr. Kevin Moxham as General Manager of Tanzania Projects effective January 1, 2024. Mr. Moxham will lead the construction and commissioning of the Nyanzaga Gold Project in Tanzania, bringing decades of experience in the African mining industry.
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Silvercorp Metals Inc. (TSX: SVM) and OreCorp Limited (ASX: ORR) have entered into a Bid Implementation Deed for Silvercorp to acquire all OreCorp Shares not already owned for consideration comprising 0.0967 common shares of Silvercorp and A$0.19 cash per OreCorp Share. The implied value of A$0.5891 per OreCorp share represents a 40% premium to OreCorp's 20-day VWAP ending August 4, 2023 and a 22% premium to OreCorp's 20-day VWAP ending December 22, 2023. The OreCorp Board is unanimously recommending OreCorp shareholders ACCEPT the Offer in the absence of a Superior Proposal.
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Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) reports high-grade gold-silver-lead-zinc intercepts from its ongoing diamond drilling program at the HPG mine in the Ying Mining District, China.
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Silvercorp Metals Inc. (SVM) notes Perseus Mining Limited's acquisition of a 19.9% interest in OreCorp Limited (ORR). Silvercorp is evaluating the announcements to determine the best course of action for shareholders.
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Silvercorp Metals Inc. (SVM) enters an amendment to acquire all fully-paid ordinary shares of OreCorp Limited (ORR) not held by Silvercorp or its associates. Each OreCorp shareholder will now receive A$0.19 in cash consideration and 0.0967 of a Silvercorp common share, representing a 26.7% increase in the cash component. The Scheme Meeting is set for December 8, 2023.
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Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) provides an update on the proposed transaction with OreCorp Limited, including the approval from the Tanzanian Fair Competition Commission, financial results, and progress towards the acquisition. The extensive documentation for OreCorp shareholder approval has been sent, with a Scheme Meeting scheduled for December 8, 2023. Silvercorp generated $28.8 million in operating cash flow during Q2 Fiscal 2024 and has the financial strength to close the transaction and advance the development of the Nyanzaga Gold Project.
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Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) declares a semi-annual dividend of US$0.0125 per share, eligible for Canadian tax purposes. Future dividends at the discretion of the Board based on commodity prices, market conditions, financial results, and cash flows.
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Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) reports Q2 Fiscal 2024 results, with revenue of $54.0 million, net income of $11.1 million, and strong balance sheet with $189.1 million in cash and cash equivalents. The company also invested $5.0 million in New Pacific Metals Corp. and entered into an agreement to acquire OreCorp Limited. Consolidated operational results show a decrease in ore production and an increase in metal production compared to Q2 Fiscal 2023.
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Silvercorp Metals Inc. releases its annual Sustainability Report for Fiscal 2023, highlighting its ESG performance and targets.
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NYSE:SVM

SVM Rankings

SVM Stock Data

813.14M
208.95M
3.65%
39.63%
5.73%
Silver
Basic Materials
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