The company intends to cancel the 8.8 million shares acquired through this normal course issuer bid. Following a rally that pushed the stock to C$15.61 as of Wednesday's close, the board has cleared the program to commence on Sept. 21. This repurchase initiative will remain active for one year, allowing the firm to adjust its equity structure while maintaining its upward momentum on the Toronto Stock Exchange.
Silvercorp Metals Authorizes Buyback of 8.8 Million Shares
With a 36% gain in its share price since the beginning of 2026, Silvercorp Metals is doubling down on its market position. The Canadian mining firm announced Thursday it will repurchase up to 4% of its public float, a move representing a capital commitment of roughly C$138.1 million.
When reusing this material a link to Money Talk is required.
Comments (0)
No comments yet. Be the first!