Silvercorp Metals Looks To Buy Back 4% Of Its Shares

Silvercorp Metals Inc. (TSX: SVM) declared today its plans to conduct a normal course issuer bid and buy back its previously issued common shares. The program will run from August 27, 2021, to August 26, 2022.

Under the terms of the bid, the firm is looking to acquire back up to 7,054,000 of its common shares, representing approximately 4% of the total 176,354,091 shares.

Following the regulations, the shares will be bought at the prevailing market price at the time of purchase while not exceeding 134,990 shares per day or 25% of the average daily trading volume.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

In July 2021, the mining firm’s production results for its first fiscal quarter missed Cannacord’s estimates but the latter reiterated its buy rating and $9.50 price target.

Silvercorp Metals Inc. last traded at $5.26 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Red Cloud Fall Mining Showcase 2026 | Day 1

Can an Old Irish Mine Recover the Silver It Left Behind? | Julian Vickers – Northmin Corporation

Is Gold at $4,000 a Buy Zone or a Breakdown? | David Morgan

Recommended

Police Contain ‘Active Threat’ at University of Toronto Mississauga Residence

McLaren Resources Launches Satellite Targeting Program Across Three Timmins Area Gold Properties

Related News

Silvercorp Intersects 3,911 G/T Silver Over 2.49 Metres At TLP Mine, China

Silvercorp Metals Inc. (TSX: SVM) (NYSE: SVM) today released the results coming from the company’s...

Tuesday, June 1, 2021, 08:59:02 AM

Silvercorp Metals: Bank of Montreal Raises Revenues Estimates, Price Target Following Earnings Beat

On Friday, Silvercorp Metals (TSX: SVM) reported their first quarter of fiscal 2021 with revenue...

Monday, August 10, 2020, 05:42:00 PM

Guyana Goldfields Receives Superior Offer Of $1.85 Per Share From Unnamed Vendor

As it turns out, the Guyana Goldfields (TSX: GUY) acquisition by Silvercorp Metals (TSX: SVM)...

Thursday, June 4, 2020, 09:37:22 AM

Silvercorp Sees Positive Court Ruling On El Domo Project

Silvercorp Metals (TSX: SVM) has seen a positive ruling in the Ecuadorian courts related to...

Friday, November 15, 2024, 08:52:04 AM

Guyana Goldfields Rejects Gran Colombia’s Superior Offer For Takeover

Guyana Goldfields (TSX: GUY) this evening announced that it has declined the offer by Gran...

Wednesday, May 13, 2020, 08:43:58 PM