Silvercorp Metals Inc. announced the renewal of its normal course issuer bid (NCIB), commencing September 19, 2025. Under the renewed program, the company is authorized to acquire up to 8,747,245 of its common shares, representing approximately 4% of the 218,681,127 common shares issued and outstanding as of September 5, 2025.
The NCIB is designed to provide Silvercorp with enhanced flexibility to repurchase its shares if market conditions indicate that the shares are undervalued relative to the company's mining and corporate assets. Purchases will be made at prevailing market prices through the facilities of the TSX, NYSE American, and alternative trading systems.
The repurchase program will remain active until September 18, 2026, unless the maximum number of shares is acquired earlier or the company decides to terminate it. All shares acquired under the NCIB will be cancelled, which can lead to an increase in earnings per share for remaining shareholders.
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