Silvercorp Announces Dividend of CAD$0.025
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 11/14/12 -- Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) ("Silvercorp" or the "Company") today announced that its Board of Directors has declared a quarterly dividend of CAD$0.025 per share to be paid on or before January 21, 2013 to shareholders of record at the close of business on December 31, 2012. The dividends are considered eligible dividends for Canadian tax purposes.
About Silvercorp
Silvercorp is a low-cost silver-producing Canadian mining company with multiple mines in China which has paid a cash dividend since 2007. The Company is currently developing the GC project in southern China which it expects will become its next operating mine in early 2013. The Company's vision is to deliver shareholder value by focusing on the acquisition of small-scale projects with resource potential and self-fund the growth of those assets. For more information, please visit our website at www.silvercorp.ca.
Contacts:
Silvercorp Metals Inc.
Jonathan Hackshaw
Director, Investor Relations
(604) 669-9397 or Toll Free: 1-888-224-1881
(604) 669-9387 (FAX)
investor@silvercorp.ca
www.silvercorp.ca
Source: Silvercorp Metals Inc.
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Silvercorp Metals Inc.
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PRODUCER |
CODE : SVM.TO |
ISIN : CA82835P1036 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Silvercorp Metals is a silver producing company based in Canada. Silvercorp Metals produces silver, gold, lead and zinc in China, develops gold, lead, silver and zinc in China, and holds various exploration projects in Canada. Its main assets in production are YING MINE, BYP, HPG MINE, TLP MINE and XBG in China, its main assets in development are LM MINE, GAOCHENG (GC) and SHIMENTOU (SMT) in China and its main exploration properties are NA BAO and GC in China and SILVERTIP in Canada. Silvercorp Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 758.7 millions as of today (US$ 555.2 millions, € 518.9 millions). Its stock quote reached its lowest recent point on December 21, 2001 at CA$ 0.02, and its highest recent level on October 02, 2020 at CA$ 9.97. Silvercorp Metals has 167 850 000 shares outstanding. |