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.
Silvercorp Metals Inc. (SVM) has declared a semi-annual dividend of US$0.0125 per share, payable to shareholders of record by November 24, 2021. The expected payment date is on or before December 15, 2021. This dividend is classified as an eligible dividend for Canadian tax purposes. The company's Board of Directors will continue to evaluate future dividends based on several factors, including market conditions and financial results. Silvercorp is committed to generating returns for shareholders while balancing sustainability and profitability.
Silvercorp Metals Inc. (TSX: SVM, NYSE American: SVM) reported Q2 Fiscal 2022 results for the period ending September 30, 2021. The company mined 292,468 tonnes of ore and milled 271,816 tonnes, showing increases of 9% and 3% year-over-year. Revenue rose 4% to $58.4 million, while net income fell 39% to $9.4 million, largely due to a $4.1 million unrealized loss on investments. Adjusted earnings decreased 12% to $13.6 million. Cash flow from operations increased 4% to $30.9 million. The company maintains a strong cash position with $221.1 million in cash and equivalents.
Silvercorp Metals (SVM) reported its Q2 Fiscal 2022 production results, achieving approximately 1.7 million ounces of silver, 800 ounces of gold, 17.6 million pounds of lead, and 7.5 million pounds of zinc. Silver production increased by 15% from the previous quarter, while gold decreased by 20%. The Ying Mining District saw a 45% increase in ore mined compared to Q1. The total production for the first half of Fiscal 2022 was approximately 3.2 million ounces of silver. The company remains on track to meet its annual guidance of producing between 6.3 - 6.6 million ounces of silver.
Silvercorp Metals Inc. (TSX: SVM, NYSE American: SVM) reports significant results from its 2021 exploration program at the LMW mine in China. From May to September 2021, 23,908 meters were drilled, yielding high-grade silver-lead-zinc veins. Key intercepts include 1,468 g/t Ag and 4.90% Pb. The program targets previously unexplored areas and low angle gold veins with promising results. Tunneling has also exposed substantial mineralization, confirming the mine's potential. The exploration program aims to enhance Silvercorp's resource base and operational efficiency.
Silvercorp Metals Inc. has successfully acquired a 100% interest in the Kuanping silver-lead-zinc-gold project through its subsidiary, Henan Found Mining Co. Ltd., for a total of US$13.5 million, including debt assumption. The Kuanping Project, located in Sanmenxia City, spans 12.39 km² and includes historical exploration results highlighting multiple mineral vein structures. Significant drill intercepts show high grades of silver and other metals, positioning the project for future mining permit applications.
Silvercorp Metals (SVM) announced promising results from its exploration at the DCG mine in Henan Province, China, from March 2020 to September 2021. The company completed 29,010 meters of drilling across 207 holes, finding mineralization in 110 holes. Notably, the gold vein C9 was defined over 850 meters, alongside the discovery of a new gold vein, C76. Significant intercepts included holes grading up to 7.17 g/t gold and 68 g/t silver. Additionally, the company established multiple silver-lead-zinc veins within the resource area, indicating a strong potential for mineral resource expansion.
Silvercorp Metals Inc. (TSX: SVM, NYSE AMERICAN: SVM) announced the results of its annual general meeting (AGM) held on September 24, 2021. A total of 98,998,647 common shares were represented, accounting for 56.20% of the votes. All matters, including the election of directors and the re-appointment of Deloitte LLP as auditors, were approved by the shareholders. Dr. Rui Feng received a 96.95% approval for re-election, and other directors also secured substantial votes in favor. Detailed voting results will be filed on SEDAR.
Silvercorp Metals Inc. (SVM) announced an updated NI 43-101 Technical Report for the Gaocheng Ag-Zn-Pb Project. As of March 31, 2021, the report indicates a 39% increase in Proven Reserves and an 8% increase in total combined Proven and Probable Reserves despite mining depletion since 2014. The GC Mine now has a projected life of 13 years with average annual production of 310,000 tonnes. Total estimated Mineral Reserves stand at 4.131 million tonnes, containing approximately 12.5 million ounces of silver. This reflects increased exploration success with significant resource enhancements.
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