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 (TSX/NYSE: SVM) reported significant drill results from its ongoing diamond drilling program at the LMW underground mine in China's Ying Mining District. Key highlights include high-grade intercepts of 34 g/t gold and 4.45% copper over 0.82 metres at vein LM28, and 2,705 g/t silver over 18.02 metres at vein W18W.
The drilling program, which completed 78,980 meters in 678 holes between June 2023 and November 2024, focused on four target areas: expansion of high-grade Ag-Pb and low angle Au-Ag-Cu veins in the West Zone, expansion of low angle Au and Ag-Au-Cu veins in the Au Zone, extension of high-grade LM41E series veins in the East Zone, and infill drilling of Ag-Pb-Zn veins in the Production Zone.
Silvercorp Metals (SVM) has announced plans to develop the Condor gold project in southern Ecuador as a high-grade underground mine, shifting from the previous operator's open-pit concept. The project comprises multiple gold deposits, with Camp and Los Cuyes being the primary resource areas.
The company identified that high-grade gold mineralization occurs mainly in subvertical vein/rhyolitic dyke structures. Notable drill intercepts include: 9.03 g/t gold over 8.05m at Camp, 44.16 g/t gold over 4.5m at Enma, and 8.98 g/t gold over 16.7m at Los Cuyes.
The development plan includes resource re-estimation, preliminary economic assessment, underground tunneling, and targeted drilling programs focusing on high-grade structures.
Silvercorp Metals has successfully closed its private placement offering of US$150 million in 4.75% convertible senior notes due 2029. The offering includes the full exercise of the initial purchasers' option for an additional US$20 million. The company plans to use the proceeds for construction of copper-gold mining projects outside China, exploration and development of other projects, and working capital. The notes are being offered through private placement and are not registered under the U.S. Securities Act.
Silvercorp Metals (TSX/NYSE: SVM) has priced a private placement offering of US$130 million in 4.75% convertible senior notes due 2029, with an option for purchasers to buy an additional US$20 million. The notes will have an initial conversion rate of 216.0761 common shares per $1,000 principal amount, representing a conversion price of US$4.63 per share - a 30% premium over the last reported share price of US$3.56.
The company expects net proceeds of approximately US$124.2 million (or US$143.5 million if the additional option is exercised), which will be used for copper-gold mining projects outside China, exploration and development, and working capital.
Silvercorp Metals (TSX: SVM, NYSE American: SVM) has announced a private placement offering of US$130 million in convertible senior notes due 2029, with an option for purchasers to acquire an additional US$20 million. The notes will be senior unsecured obligations with semi-annual interest payments, maturing December 15, 2029. They will be convertible to cash, common shares, or a combination at the company's discretion. The notes won't be redeemable before December 20, 2027, except for tax law changes. Proceeds will fund construction of copper-gold mining projects outside China, exploration and development, and working capital.
Silvercorp Metals announces two significant developments for the El Domo project in Ecuador. First, the Provincial Court of Bolivar dismissed an appeal against the project's environmental license, affirming Curimining's rights to continue construction. Second, the company repaid the US$13.25 million early deposit previously drawn from Wheaton Precious Metals under their precious metals purchase agreement (PMPA). This repayment ensures the full $175.5 million PMPA contribution remains available for construction, subject to conditions.
Silvercorp Metals (TSX: SVM) (NYSE American: SVM) has announced a semi-annual dividend of US$0.0125 per share. The dividend will be paid to shareholders of record as of November 29, 2024, with payment scheduled on or before December 13, 2024. These dividends qualify as eligible dividends for Canadian tax purposes. Future dividend decisions will be based on factors including commodity prices, market conditions, financial results, cash flows, and other relevant considerations.
Silvercorp Metals reported strong Q2 Fiscal 2025 results with net income of $17.7 million ($0.09 per share) and operating cash flow of $23.1 million. Revenue increased 26% to $68.0 million, driven by higher metal prices and increased silver and zinc sales. The company produced 1.7 million ounces of silver, 13.2 million pounds of lead, and 5.8 million pounds of zinc. Cash costs were negative $0.73 per silver ounce, with all-in sustaining costs at $11.66. The company maintains a strong balance sheet with $209.5 million in cash and investments worth $84.4 million. A new 1,500 tonne per day mill began commissioning on November 1, 2024.
Silvercorp Metals Inc. (TSX/NYSE American: SVM) reports Q2 Fiscal 2025 production and sales figures, with financial results to be released on November 7, 2024. Highlights include:
- Revenue of approximately $68.0 million, up 26% year-over-year
- Ore mined increased 32% to 361,440 tonnes
- Silver production rose 4% to 1.7 million ounces
- Zinc production up 26% to 5.8 million pounds
- Lead production decreased 18% to 13.2 million pounds
The Ying Mining District saw a 23% increase in ore mined, while the GC Mine reported significant increases in ore mined (69%) and milled (80%). A stockpile of 129,000 tonnes of ore due to mill capacity constraints will be processed in the next quarter when the expanded mill becomes operational.
CEO.CA Technologies , a leading investor social network for junior resource and venture stocks, has shared exclusive updates with CEOs of junior mining explorers in its 'Inside the Boardroom' series. The series provides firsthand knowledge from industry leaders, offering insights into their vision, challenges, and strategies.
This week, CEO.CA interviewed Lon Shaver, President of Silvercorp Metals (TSX: SVM | NYSE American: SVM), and Duncan Middlemiss, President & CEO of Arizona Metals Corp (TSX: AMC | OTCQX: AZMCF), discussing the El Domo and Kay Mine projects respectively. These interviews are part of CEO.CA's ongoing effort to connect investors with industry leaders and share impactful stories about stocks, commodities, and emerging companies.
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