Trading Symbol: TSX/NYSE MKT: SVM
VANCOUVER, May 26, 2017 /PRNewswire/ - Silvercorp Metals
Inc. ("Silvercorp" or the "Company") today announced that its Board
of Directors declared a dividend of US$0.01 to be paid on or before June 30th, 2017 to shareholders of
record at the close of business June
9th 2017
In November 2016, in light of
improved operations, financial results, and a growing cash position
the Company re-instated dividends, declaring a semi-annual dividend
of CAD$0.01 per share (CAD$0.02 per share on an annual basis). The
Company has now decided to slightly increase the dividend by making
the payment in U.S. funds rather than Canadian funds.
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 a number of factors including commodity
prices, market conditions, financial results, cash flows from
operations, expected cash requirements and other relevant
factors.
About Silvercorp Metals Inc.
Silvercorp is a low-cost silver-producing Canadian mining
company with multiple mines in China. The Company's vision is to
deliver shareholder value by focusing on the acquisition of under
developed projects with resource potential and the ability to grow
organically. For more information, please visit our website
at www.silvercorpmetals.com
SOURCE Silvercorp Metals Inc