Silvercorp Declares Semi-Annual Dividend of USS0.0125 per Share
NEWS S RELEASE
Tradin ng Symbol TSX/NYSE AM T MERICAN: SVM M
SILVERC CORP DECLAR RES SEMI‐ANN NUAL DIVIDEND OF US$0.
.0125 PER SH HARE
VANC COUVER, Britis
sh Columbia – November 10, 2020 – S Silvercorp Met tals Inc. (“Silv vercorp” or th he “Company”) (TSX/N NYSE American n: SVM) is plea ased to annou unce that its B Board of Direc ctors declared a semi‐a ders of record at the close o annual dividend of US$0.01 125 per share to be paid to
- all sharehold of
busine ess on Novem mber 25, 202 20, with a payment date o of the divide end scheduled d on or befor re Decem mber 16, 2020 0.
The dividends are c considered elig gible dividend ds for Canadian n tax purpose es.
The declaration and payment of f future divide ends is at the e discretion of f the Board of Directors an nd any fu uture decision to pay dividends will be ba ased on a num mber of factors s including com mmodity price es, marke et conditions, financial results, cash flow ws from oper rations, expec cted cash req quirements an nd other relevant facto ors.
About t Silvercorp
er, lead and zinc metals in Silverc corp is a pro ofitable Canadian mining company pro oducing silve conce entrates from mines in Chin na. The Comp pany’s goal is t to continuous sly create hea althy returns t to n of profitable shareholders throu ugh efficient management t, organic gr rowth and th he acquisition projec cts. Silvercorp p balances p profitability, social and e environmental relationship ps, employee es’ ustainable development. F wellbe eing, and su For more inf formation, please visit o our website a at www.
.silvercorp.ca.
For fu urther informa ation
Silverc corp Metals In nc.
Lon Sh haver Vice P President Phone e: (604) 669‐9397 Toll Fr ree 1(888) 224 4‐1881 Email: [email protected] Website: www.silve ercorp.ca
CAUTIO ONARY DISCLAIM MER ‐ FORWARD‐LOOKING STA ATEMENTS
Certain n of the stateme ents and inform mation in this ne ews release con nstitute “forward d‐looking statem ments” within th he meanin ng of the Unite ed States Private e Securities Litig gation Reform A Act of 1995 an nd “forward‐look king information n” within the meaning of f applicable Cana adian provincial securities laws (collectively, “fo orward‐looking s statements”). An ny forwar rd‐looking statem ments that expre ess or involve dis scussions with re espect to predict tions, expectatio ons, beliefs, plan ns, project tions, objectives, , assumptions o or future events or performance e (often, but not t always, using words or phrases such a as “expects”, “is s expected”, “an nticipates”, “bel lieves”, “plans”, ”, “projects”, “es stimates”, “assu umes”, “intends s”, “strate egies”, “targets”
”, “goals”, “forec casts”, “objectiv ves”, “budgets”, “schedules”, “p potential” or var riations 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; 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 the Company’s revenues and capital expenditures; estimated production from the Company’s mines in the Ying Mining District and the GC Mine; projected cash operating costs and all‐in sustaining costs, and budgets, on a consolidated and mine‐by‐mine basis; projections included in the Company’s annual cost guidance; 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, social and economic impacts of COVID‐19; 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; 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 as per the requirements of the Sarbanes‐Oxley Act; and bringing actions and enforcing judgments under U.S. securities laws, as well as those risks and uncertainties discussed in the Company’s corresponding MD&A and other public filings of the Company. 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 expressed or implied in the forward‐looking statements.
The Company’s forward‐looking statements are necessarily based on a number of estimates, assumptions, beliefs, expectations and opinions of management as of the date of this news release that while considered reasonable by management of the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates, assumptions, beliefs, expectations and opinions include, but are not limited to, those related to the Company’s ability to carry on current and future operations, including: the duration and effects of COVID‐19 on our operations and workforce; development and exploration activities; the timing, extent, duration and economic viability of such operations; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the price and market for outputs; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry. 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. 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. For the reasons set forth above, investors should not place undue reliance on forward‐looking statements.