Markets SVM

Silvercorp Launches 4% Share Repurchase Program Through September 2027

September 17, 2026 — 08:35 am EDT

Written by RTTNews.com for RTTNews

(RTTNews) - Silvercorp Metals Inc. (SVM), a silver mining company, on Thursday announced a normal course issuer bid to repurchase up to 8,848,585 common shares, representing approximately 4% of its outstanding shares.

The repurchase program will commence on September 21 and expire on September 20, 2027.

The company will make purchases at prevailing market prices through the TSX, NYSE American and alternative trading systems in Canada and the U.S.

The company said the program provides flexibility to repurchase shares if market conditions result in the shares being undervalued relative to its mining and corporate assets.

The company did not repurchase any shares under its previous program, which expires on September 18.

In the pre-market trading, Silvercorp Metals is 2.68% higher at $11.48 on the New York Stock Exchange.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Markets
Stocks Mentioned
SVM

Latest Articles
Data is currently not available