Silvercorp Declares Semi-Annual Dividend of USS0.0125 per Share
NEWS REL LEASE
Trading Sy ymbol: TSX: SVM NYSE E AMERICAN: SVM
SILVER RCORP DECLAR RES SEMI‐ANN NUAL DIVIDEN ND OF US$0.0 0125 PER SHA ARE
VER, British Columbia – May 28, 2019 – Silvercorp Metals Inc. (“Silvercorp” o VANCOUV or the “Comp pany”) (TSX/NYSE E American: S SVM) is pleas sed to annou unce that its Board of Directors decla ared a semi‐a annual dividend o of US$0.0125 per share to be paid to all shareholders s of record at the close of b business on Ju une 9, 2019, with h a payment d date of the div vidend scheduled on or befo ore June 28, 2 2019.
The divide ends are considered eligible e dividends for r Canadian tax x purposes.
The declar ration and pay yment of futu ure dividends i is at the discre etion of the B Board of Directors and any f future ed on a number of factors including commodity prices, market cond decision to
- pay dividend ds will be base ditions,
financial results, cash flo ows from ope erations, expec cted cash requ uirements and d other releva ant factors.
About Silv vercorp
Silvercorp is a Canadian low‐cost silver‐producer r of silver, lea ad and zinc fr rom mines in China. We d deliver shareholder value thro ough efficient management t, organic gro owth, and the e acquisition of projects w we can build and operate profitably. Silvercorp’s goal is t to achieve las sting and sust tainable development for a all our stakeholde ers. For more information, please visit ou ur website at w www.silvercorp.ca.
For furthe er information n
Silvercorp Metals Inc.
Lon Shave er Vice Presid dent Phone: (60
04) 669‐9397 Toll Free 1 1(888) 224‐188 Email: inve [email protected] Website: w www.silvercor rp.ca
CAUTIONAR RY DISCLAIMER ‐ FORWARD‐LOOKING STATEM MENTS
Certain of th he statements a and information in this news rel lease constitute “forward‐lookin ng statements” within the meaning of the United States Private S Securities Litigat tion Reform Act t of 1995 and “f “forward‐looking g information” w within the mean ning of applicable C Canadian provincial securities la aws (collectively, y, “forward‐looki ing statements”
”). Any statemen nts or informatio on that express or i involve discussio ons with respect t to predictions, , expectations, b beliefs, plans, p projections, obje ectives, assumpt tions or future events or performan nce (often, but n not always, usin ng words or phr rases such as “e expects”, “is exp pected”, “anticip pates”, “believes”, “plans”, “projec cts”, “estimates s”, “assumes”, “ “intends”, “strat tegies”, “target ts”, “goals”, “fo orecasts”, “objec ctives”, “budgets”, “schedules”, “p potential” or variations thereof f or stating tha at certain action ns, events or re esults “may”, “ “could”, “would”, “m might” or “will” b be taken, occur o or be achieved, or the negative of any of these terms and simila ar expressions) a are not statements of historical fact and may be forward‐looking g statements. Forward‐looking g statements re elate to, among g other things: the price of silver and other metals s; the accuracy o of mineral resou urce and minera al reserve estima ates at the Com mpany’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; 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, 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 licences; 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; 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.