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. (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.
Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has announced the renewal of the SGX Mine permit in the Ying Mining District for an additional 11 years, extending until September 24, 2035. The renewed Yuelianggou Mining License, which includes the SGX and HZG silver-lead-zinc mines, now has an increased production capacity of 500,000 tonnes per year.
To secure the renewal, Silvercorp completed various studies and reports, including a Mineral Resource estimate, mine development plan, and environmental impact assessments. The company is currently awaiting the final assessment of historical government investment in the License area, which may result in certain payments before the official paper certificate is issued.
The SGX and HZG mines are operating normally, and Silvercorp is working on a mine optimization plan to achieve the newly allowed production capacity.
Altius Minerals (ALS:TSX) (ATUSF: OTCQX) has provided an update on its Project Generation business activities and public junior equities portfolio. As of September 30, 2024, the market value of equities in the portfolio was $65.3 million, up from $55.8 million on June 30, 2024. The company generated $6.5 million in net cash proceeds from portfolio sales during the quarter, bringing the total net proceeds for 2024 to $18 million.
The update highlights significant developments from portfolio companies, including Orogen Royalties Inc.'s record royalty revenue, Silvercorp Metals Inc.'s acquisition of Adventus Mining Corp., and progress on various mining projects where Altius holds royalty interests. These include the El Domo copper-gold mine, the Golden Rose project, and the Taylor Brook nickel property.
Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) reported the results of its annual general meeting (AGM) held on September 27, 2024. All matters submitted for shareholder approval were approved by the requisite majority. A total of 98,611,116 common shares, representing 45.55% of the votes attached to all outstanding shares, were represented at the AGM.
The voting results for the election of directors were as follows:
- Dr. Rui Feng: 92.97% votes for
- Paul Simpson: 89.32% votes for
- Yikang Liu: 98.98% votes for
- Marina Katusa: 98.01% votes for
- Ken Robertson: 98.39% votes for
- Helen Cai: 99.10% votes for
Final results for all matters voted on at the AGM will be filed on SEDAR+ and on the Company's website.
Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has announced a new normal course issuer bid (NCIB) to repurchase up to 8,670,700 common shares, representing about 4% of its outstanding shares. The program will run from September 19, 2024, to September 18, 2025. This NCIB aims to provide flexibility if market conditions result in undervalued shares. Purchases will be made at prevailing market prices through various trading systems, with all acquired shares to be cancelled. The maximum daily purchase limit on the TSX is set at 101,257 shares. This program continues the 2023 NCIB, under which 191,770 shares were repurchased at an average price of CAD$3.16.
Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has published its Fiscal 2024 Sustainability Report, highlighting significant progress in environmental, social, and governance (ESG) initiatives. Key achievements include:
Environmental: 85% water recycling rate at processing plants, implementation of XRT intelligent waste rock screening technology, deployment of 10 electric mining trucks, and zero significant environmental incidents.
Social: $3.2 million invested in local community initiatives, 74% local employment rate, and conducted first gender pay equity survey.
Governance: 33% female representation and 83% independence on the Board, addition of new corporate policies, and formalization of Supplier's Code of Conduct.
The report aligns with various international reporting frameworks, demonstrating Silvercorp's commitment to sustainable mining practices and long-term value creation for all stakeholders.
Silvercorp Metals Inc. (TSX/NYSE American: SVM) has filed an updated technical report for its Gaocheng Mine in Guangdong Province, China. The report, titled 'Technical Report on Gaocheng Silver-Lead-Zinc Project in Guangdong Province, China,' is effective as of June 30, 2024, and was prepared by SRK Consulting China This filing follows the company's news release dated August 27, 2024.
The technical report complies with National Instrument 43-101 Standards of Disclosure for Mineral Projects and is available on Silvercorp's website and on SEDAR+. Importantly, the company states that there are no material differences between the information in the technical report and the previously released news.
Silvercorp Metals Inc. (TSX/NYSE American: SVM) has filed an updated technical report for its Ying Mining District, titled "NI 43-101 Technical Report Update on the Ying Ag-Pb-Zn Property in Henan Province, People's Republic of China". The report, effective July 16, 2024, was independently prepared by AMC Mining Consultants (Canada) in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. This filing follows the company's news release dated August 19, 2024. Importantly, there are no material differences between the information in the technical report and the previous release. The report is available on Silvercorp's website and on SEDAR+.
Silvercorp Metals Inc. (TSX/NYSE American: SVM) has released an updated NI 43-101 Technical Report for its Gaocheng (GC) underground mine in Guangdong Province, China, effective June 30, 2024. Key highlights include:
- Increased Mineral Resources: Measured and Indicated Resources increased by 15% to 11.5 million tonnes, containing 31 million oz silver, 136,000 tonnes lead, and 327,000 tonnes zinc.
- Expanded Mineral Reserves: Proven and Probable Reserves increased by 20% to 5.0 million tonnes, containing 13 million oz silver, 60,000 tonnes lead, and 141,000 tonnes zinc.
- Extended Mine Life: Production planned to increase from 326,000 tonnes per annum in FY2025 to 362,000-363,000 tpa from FY2026 to FY2037, with potential to extend beyond 2037.
- Positive Economics: Post-tax NPV (8% discount) of $63.1 million, with $62.5 million attributable to Silvercorp's 99% interest.
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