By Robb M. Stewart
Silvercorp Metals commenced a buyback program for up to roughly 4% of its issued and outstanding shares over a one-year period.
The Canadian mining company said it renewed a normal course issuer bid to buy up to about 8.75 million of its shares through Sept. 18, 2026.
The buyback program is being launched to offer flexibility should market conditions result in the company's shares being undervalued relative to the value of its mining and corporate assets, the producer of silver, gold, lead and zinc said.
The maximum number of shares that may be bought on the Toronto Stock Exchange during any trading day may not exceed 157,233 shares.
Silvercorp's shares have jumped more than 60% so far this year, last closing at C$7.07.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
September 17, 2025 07:45 ET (11:45 GMT)
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