Trading
Symbol TSX:
SVM
NYSE
AMERICAN: SVM
VANCOUVER, BC, Nov. 11,
2024 /CNW/ - Silvercorp Metals Inc.
("Silvercorp" or the "Company") (TSX: SVM) (NYSE
American: SVM) is pleased to announce that its Board of Directors
declared a semi-annual dividend of US$0.0125 per share to be paid to all
shareholders of record at the close of business on
November 29, 2024, with a payment date of the
dividend scheduled on or before December 13,
2024.
The dividends are considered eligible dividends for Canadian tax
purposes.
The declaration and payment of future dividends is at the
discretion of the Board of Directors and any future decision to pay
dividends will be based on several factors including commodity
prices, market conditions, financial results, cash flows from
operations, expected cash requirements and other relevant
factors.
About Silvercorp
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) ongoing merger and
acquisition efforts to unlock value; and 4) long
term commitment to responsible mining and ESG. For more
information, please visit our website at
www.silvercorpmetals.com.
For further information
Silvercorp Metals Inc.
Lon Shaver
President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorpmetals.com
CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS
Certain of the statements and information in this news
release constitute "forward-looking statements" within the meaning
of the United States Private Securities Litigation Reform Act of
1995 and "forward-looking information" within the meaning of
applicable Canadian and US securities laws (collectively,
"forward-looking statements"). Any statements or information that
express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as "expects", "is expected", "anticipates",
"believes", "plans", "projects", "estimates", "assumes", "intends",
"strategies", "targets", "goals", "forecasts", "objectives",
"budgets", "schedules", "potential" or variations thereof or
stating that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved, or the
negative of any of these terms and similar expressions) are not
statements of historical fact and may be forward-looking
statements. Forward-looking statements relate to, among other
things: the declaration and payment of future dividends; the price
of silver and other metals; foreign exchange rates; the accuracy of
mineral resource and mineral reserve estimates at the Company's
material properties; the sufficiency of the Company's capital to
finance the Company's operations; estimates of the Company's
revenues operation costs, and capital
expenditures; estimated production from the Company's; timing of
receipt of permits and regulatory approvals; availability of funds
from production to finance the Company's operations; and access to
and availability of funding for future construction, use of
proceeds from any financing and development of the Company's
properties.
Actual results may vary from forward-looking statements.
Forward-looking statements are subject to a variety of known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ from those reflected in the
forward-looking statements, including, without limitation, risks
relating to: fluctuating commodity prices; calculation of
resources, reserves and mineralization and precious and base metal
recovery; interpretations and assumptions of mineral resource and
mineral reserve estimates; exploration and development programs;
feasibility and engineering reports all necessary permits,
licenses and regulatory approvals for our operations are received
in a timely manner; title to properties; property interests; joint
venture partners; acquisition of commercially mineable mineral
rights; financing; recent market events and conditions; economic
factors affecting the Company; timing, estimated amount, capital
and operating expenditures and economic returns of future
production; integration of future acquisitions into the Company's
existing operations; competition; operations and political
conditions; regulatory environment in China, Canada
and Ecuador; environmental risks;
regulatory investigations, claims and legal proceeding, foreign
exchange rate fluctuations; insurance; risks and hazards of mining
operations; key personnel; conflicts of interest; dependence on
management; global economic and social impact of COVID-19; internal
control over financial reporting; and bringing actions and
enforcing judgments under U.S. securities laws.
This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements. Forward-looking
statements are statements about the future and are inherently
uncertain, and actual achievements of the Company or other future
events or conditions may differ materially from those reflected in
the forward-looking statements due to a variety of risks,
uncertainties and other factors, including, without limitation,
those referred to in the Company's Annual Information Form under
the heading "Risk Factors" and in the Company's Annual Report on
Form 40-F, and in the Company's other filings with Canadian and
U.S. securities regulators. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated, described or
intended. Accordingly, readers should not place undue
reliance on forward-looking statements.
The Company's forward-looking statements are based on the
assumptions, beliefs, expectations and opinions of management as of
the date of this news release, and other than as required by
applicable securities laws, the Company does not assume any
obligation to update forward-looking statements if circumstances or
management's assumptions, beliefs, expectations or opinions should
change, or changes in any other events affecting such statements.
Assumptions may prove to be incorrect, and actual results may
differ materially from those anticipated. Consequently, guidance
cannot be guaranteed. For the reasons set forth above, investors
should not place undue reliance on forward-looking
statements.
A comprehensive discussion of risks that impact Silvercorp,
and additional information relating to the Company including
Silvercorp's Annual Information Form can be obtained under the
Company's profile on SEDAR+ at www.sedarplus.ca, on EDGAR at
www.sec.gov, and on the Company's website at
www.silvercorpmetals.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/silvercorp-declares-semi-annual-dividend-of-us0-0125-per-share-302300751.html
SOURCE Silvercorp Metals Inc