Silvercorp Declares Semi-Annual Dividend of US$0.0125 PER Share Trading Symbol
SILVERCORP DECLARES SEMI-ANNUAL DIVIDEND OF
US$0.0125 PER SHARE
Trading Symbol
TSX: SVM
NYSE AMERICAN: SVM
VANCOUVER, BC
,
May 27, 2022
/CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE: 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
June 6, 2022
, with a payment date of the dividend scheduled on or before
June 24
, 2022.
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 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) equity investments in potential world class opportunities;
4) ongoing merger and acquisition efforts to unlock value; and 5) long term commitment to responsible mining and ESG. For
more information, please visit our website at
www.silvercorp.ca
.
For further information
Silvercorp Metals Inc.
Lon Shaver
Vice President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email:
Website:
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 statements or information
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; 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: global economic and social impact of COVID-19; 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; 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.
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SOURCE
Silvercorp Metals Inc
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%SEDAR: 00006210E
CO: Silvercorp Metals Inc
CNW 06:55e 27-MAY-22