Silvercorp sets 4% share buyback for 2026-27
Silvercorp renews its share repurchase program, authorizing buybacks of up to 4% of outstanding common shares over the next year.
Rhea-AI Filing Summary
Silvercorp Metals Inc. (SVM) announced that it is renewing a normal course issuer bid to repurchase up to 8,848,585 common shares, representing approximately 4% of its 221,214,642 common shares issued and outstanding as of September 8, 2026. The program is expected to commence on September 21, 2026 and expire on September 20, 2027. Purchases may be made at the discretion of the directors through the TSX, NYSE American and alternative trading systems in Canada and the United States at prevailing market prices, subject to regulatory limits, including a daily maximum of 261,176 shares on the TSX based on an average daily trading volume of 1,044,706 shares. All shares acquired will be cancelled. The company states the program is intended to provide flexibility if its shares trade below the value of its mining and corporate assets, and notes it may reduce, suspend or discontinue repurchases at any time in line with applicable regulations.
Positive
- Silvercorp authorized a renewed buyback of up to 8,848,585 shares, or about 4% of outstanding common shares, with all repurchased shares to be cancelled.
Negative
- None.
Filing Explained
Silvercorp reports that it bought no shares under the prior 2025 NCIB, so the renewed program is a discretionary maximum rather than a committed repurchase; no current cancellation or ownership change is disclosed.
Key Figures
Key Terms
normal course issuer bid market
alternative trading systems market
average daily trading volume market
forward-looking statements regulatory
Annual Information Form regulatory
FAQ
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What did Silvercorp Metals Inc. (SVM) announce in this 6-K?
When will Silvercorp’s renewed NCIB start and end?
What are the TSX daily limits for Silvercorp’s buyback program?
Did Silvercorp use its previous 2025 normal course issuer bid?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR
15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2026
Commission File No. 001-34184
SILVERCORP
METALS INC.
(Translation of registrant’s name into English)
Suite 1750 - 1066 West Hastings
Street
Vancouver, BC Canada V6E 3X1
(Address of principal executive office)
[Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F]
Form 20-F [ ] Form 40-F [ X ]
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Dated: September 17, 2026 | SILVERCORP METALS INC. |
| /s/ Jonathan Hoyles | |
| Jonathan Hoyles | |
| General Counsel and Corporate Secretary |
EXHIBIT INDEX
| EXHIBIT | DESCRIPTION OF EXHIBIT |
| 99.1 | News Release - September 17, 2026 - Silvercorp Renews Share Repurchase Program |
Exhibit 99.1
 |
Silvercorp Renews Share Repurchase Program
VANCOUVER, BC, Sept. 17, 2026 /CNW/ -- Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce a normal course issuer bid ("NCIB") commencing September 21, 2026, to acquire up to 8,848,585 of its own common shares, representing approximately 4% of the 221,214,642 common shares issued and outstanding as of September 8, 2026. The repurchase program will expire on September 20, 2027. The NCIB is being implemented to provide enhanced flexibility should market conditions result in Silvercorp's shares being undervalued relative to the value of its mining and corporate assets.
Purchases will be made at the discretion of the directors at prevailing market prices, through the facilities of the TSX, the NYSE American, and alternative trading systems in Canada and the United States, in compliance with regulatory requirements. There can be no assurance as to the precise number of shares that will be repurchased under the NCIB. Silvercorp may discontinue its purchases at any time, subject to compliance with applicable regulatory requirements. The Company will cancel all shares acquired under the NCIB. The price the Company will pay for the common shares will be the market price at the time of purchase.
The Company is not aware of any directors or officers, associates of directors or officers, persons acting jointly or in concert with the Company, or persons holding 10% or more of the securities of the Company that intend to sell their securities at the inception of the NCIB, but such persons may sell their securities during the course of the NCIB as their personal circumstances may require. If, during the course of the NCIB, the Company becomes aware that any such person intends to sell securities, the Company will not intentionally acquire such securities under the NCIB.
The maximum number of shares that may be purchased on the TSX during any trading day may not exceed 261,176 common shares of the Company, which is 25% of the average daily trading volume on the TSX based on the previous six completed calendar months of 1,044,706. This limit, for which there are permitted exceptions, is determined in accordance with TSX regulatory requirements and does not apply to purchases made by the Company on the alternative trading systems in the United States.
The NCIB is a continuation of the program approved in September 2025 (the "2025 NCIB"), for the period from September 19, 2025 to September 18, 2026, to acquire up to 8,747,245 common shares of the Company, representing approximately 4% of the 218,681,127 common shares issued and outstanding as of September 5, 2025. The Company did not purchase any common shares under the 2025 NCIB.
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 cash flow 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.silvercorpmetals.com.
For further information
Silvercorp Metals Inc.
Lon Shaver, President
Phone: (604) 669-9397
Toll Free 1 (888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorpmetals.com
CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS
This news release does not constitute, and is not, an offer or solicitation of an offer of securities.
This news release includes "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 securities laws relating to, among other things, without limitation, statements regarding the Company's intention to repurchase up to 4% of its common shares, including the expected timing, duration, volume and nature of such stock repurchase program. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking information may in some cases be identified by words such as "will", "anticipates", "expects", "intends" and similar expressions suggesting future events or future performance.
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. A number of risks, uncertainties and other factors, including, without limitation, risks relating to: 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; all necessary permits, licenses and regulatory approvals for our operations are received in a timely manner; 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 acquisitions into the Company's existing operations; competition; operations and political conditions; regulatory environment in China, Canada, the United States, Ecuador and Kyrgyzstan; our ability to comply with environmental, health and safety laws; 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.
A comprehensive discussion of risks that impact Silvercorp, and additional information relating to the Company, including Silvercorp's Annual Information Form can be obtained under the Company's profile on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on the Company's website at www.silvercorpmetals.com.
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SOURCE Silvercorp Metals Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2026/17/c3451.html
%CIK: 0001340677
CO: Silvercorp Metals Inc.
CNW 08:00e 17-SEP-26