Silvercorp Declares Semi-Annual Dividend of US$0.0125 Per Share
Silvercorp Declares Semi-Annual Dividend of US$0.0125
Per Share
TSX: SVM
NYSE AMERICAN: SVM
VANCOUVER, BC
,
Nov. 8, 2021
/CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (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 24, 2021
, with a payment date of the dividend
scheduled on or before
December 15
, 2021.
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 a number of factors including commodity prices, market conditions, financial results, cash flows
from operations, expected cash requirements and other relevant factors.
About Silvercorp
Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in concentrates from mines in
China
. The Company's goal is to continuously create healthy returns to shareholders through efficient management, organic
growth and the acquisition of profitable projects. Silvercorp balances profitability, social and environmental relationships,
employees' wellbeing, and sustainable development. For more information, please visit our website at
www.silvercorp.ca
.
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 provincial securities laws (collectively, "forward-looking statements"). Any forward-looking statements
that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events 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 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.
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SOURCE
Silvercorp Metals Inc
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For further information:
Silvercorp Metals Inc., Lon Shaver, Vice President, Phone: (604) 669-9397, Toll Free 1(888) 224-
1881, Email: [email protected], Website: www.silvercorp.ca
CO: Silvercorp Metals Inc
CNW 06:55e 08-NOV-21