Silvercorp Declares Semi-Annual Dividend of US$0.0125 Per Share
NEWS RELEASE
Trading Symbol TSX: SVM
NYSE AMERICAN: SVM
Silvercorp Declares Semi-Annual Dividend of US$0.0125 Per Share
VANCOUVER, British Columbia – November 11, 2024 – Silvercorp Metals Inc. (“ Silvercorp” or the
“Company”) (TSX / NYSE American: SVM) is pleased to announce that its Board of Directors declared a semi-
annual dividend of US$0.0125 per share to be paid to all shareholders of record at the close of business on
November 29, 2024, with a payment date of the dividend scheduled on or before December 13, 2024.
The dividends are considered eligible dividends for Canadian tax purposes.
The declaration and payment of future dividends is at the discretion of the Board of Directors and any future
decision to pay dividends will be based on several factors including commodity prices, market conditions,
financial results, cash flows from operations, expected cash requirements and other relevant factors.
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 cashflow 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: [email protected]
Website: www.silvercorpmetals.com
CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS
Certain of the statements and information in this news release constitute “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 Canadian and US securities laws (collectively, “forward-looking statements”). Any statements
or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future eve nts or performance (often, but not always, using words or phrases such as
“expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”,
“targets”, “goals”, “forecasts”, “objectives”, “budgets”, “ schedules”, “potential” or variations 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 declaration and payment of future
dividends; the price of silver and other metals; foreign exchange rates; 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 Co mpany’s rev enues operation costs, and capital expenditures; estimated
production from the Company’s; 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;\.
Actual results may vary from forward-looking statements. 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 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 even ts 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, Canada and Ecuador; environmental risks; regulatory investigations, claims and legal proceeding,
foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of
interest; dependence on management; global economic and social impact of COVID -19; 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 even ts 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” and in the Company’s Annual Report on Form
40-F, and in the Company’s other filings with Canadian and U.S. securities regulators. Although the Company has
attempted to identify important factors that could cause actual results to diff er 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. Assumptions
may prove to be incorrect, and actual results may di ffer materially from those anticipated. Consequently, guidance
cannot be guaranteed. 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.