Trading Symbol: TSX/NYSE
American: SVM
VANCOUVER, BC, Nov. 7, 2022
/CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company")
(TSX: SVM) (NYSE American: SVM) is pleased to announce that its
Board of Directors have 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 25, 2022, with a payment date of the
dividend scheduled on or before December
16, 2022.
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.
The Ying 2022 Technical Report
Further to its news release dated September 21, 2022, Silvercorp has filed an
updated National Instrument ("NI") 43-101 Technical Report on the
Mineral Resources and Mineral Reserves for the Ying Mining District
prepared by AMC Mining Consultants (Canada) Ltd. ("AMC") ("The Ying 2022 Technical
Report "). The Ying 2022 Technical Report covers all the mines in
the Ying Mining District in Henan
Province, China, namely the
SGX, HZG, HPG, TLP, LME, LMW and DCG underground mines. For
more details, please visit the Company's profile on SEDAR at
www.sedar.com, on EDGAR at www.sec.gov, and on the Company's
website at www.silvercorp.ca.
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.silvercorp.ca
For further information:
Silvercorp Metals Inc.
Lon Shaver
Vice President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorp.ca
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 provincial 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 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 revenues, operation costs, capital expenditures, mine
plan, and estimated production from the Company's mines in the Ying
Mining District; 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.
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: global economic and social impact of COVID-19;
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; permits and licenses; 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 and Canada; environmental risks; foreign exchange
rate fluctuations; insurance; risks and hazards of mining
operations; key personnel; conflicts of interest; dependence on
management; 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". 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.
For the reasons set forth above, investors should not place undue
reliance on forward-looking statements.
CAUTIONARY NOTE TO US INVESTORS
The technical and scientific information contained herein has
been prepared in accordance with NI 43-101, which differs from the
standards adopted by the U.S. Securities and Exchange Commission
(the "SEC"). Accordingly, the technical and scientific information
contained herein, including any estimates of mineral reserves and
mineral resources, may not be comparable to similar information
disclosed by U.S. companies subject to the disclosure requirements
of the SEC.
Additional information relating to the Company, including
Silvercorp's Annual Information Form, can be obtained under the
Company's profile on SEDAR at www.sedar.com, on EDGAR at
www.sec.gov, and on the Company's website at www.silvercorp.ca
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SOURCE Silvercorp Metals Inc