ANNOUNCES Q2 DIVIDEND OF CAD$0.02
Columbia � November 10, 2010 � Silvercorp Metals
Inc. (�Silvercorp� or the �Company�) today
announced that its Board of Directors has declared its second quarter
dividend of CAD$0.02 per share, to be paid on or before January 21, 2011 to
shareholders of record at the close of business on December 31, 2010.
About Silvercorp Metals
Silvercorp Metals Inc. is engaged in the
acquisition, exploration, development and mining of high-grade silver-related
mineral properties in China and Canada. Silvercorp
is the largest primary silver producer in China through the operation of the
four silver-lead-zinc mines at the Ying Mining Camp in the Henan Province of
China. The Company has applied for a mining permit for its GC
silver-lead-zinc mine in the Guangdong Province and recently announced the
acquisition of a 70% interest in the BYP gold-lead-zinc mine in Hunan
province. In Canada, Silvercorp is in preparation
of applying for a Small Mine Permit for the Silvertip high grade
silver-lead-zinc mine project in northern British Columbia to provide a
further platform for growth and geographic diversification. The Company�s
shares are traded on the New York Stock Exchange and Toronto Stock Exchange
and are included as a component of the S&P/TSX Composite and the
S&P/TSX Global Mining Indexes.
For further information:
SILVERCORP METALS INC., Rui Feng,
Chairman & CEO and Lorne Waldman, Corporate Secretary, Phone: (604)
669-9397, Fax: (604) 669-9387, Toll Free 1(888) 224-1881, Email: email@example.com, Website: www.silvercorp.ca.
Toll Free Tel: 1-888-224-1881
Silvercorp Metals Inc.
Suite 1378 - 200 Granville Street
Canada V6C 1S4