Silvercorp Metals announces NCIB

Silvercorp Metals (SVM) announced a normal course issuer bid, or NCIB, commencing September 19, to acquire up to 8,747,245 of its own common shares, representing approximately 4% of the 218,681,127 common shares issued and outstanding as of September 5. The repurchase program will expire September 18, 2026. The NCIB is being implemented to provide enhanced flexibility should market conditions result in Silvercorp’s shares being undervalued relative to the value of its mining and corporate assets. The maximum number of shares that may be purchased on the TSX during any trading day may not exceed 157,233 common shares of the Company, which is 25% of the average daily trading volume on the TSX based on the previous six completed calendar months of 628,934. The NCIB is a continuation of the program approved in September 2024.