Silvercorp Metals

Silvercorp accepts Perseus's offer for OreCorp

Retrieved on: 
Wednesday, April 10, 2024
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Perth, Western Australia/April 10, 204/Perseus Mining Limited (ASX/TSX: PRU) (Perseus or PRU) refers to its off-market takeover bid under Chapter 6 of the Australian Corporations Act for all the current and to be issued ordinary shares in OreCorp Limited (ASX: ORR) (OreCorp or ORR) (Offer).1

Key Points: 
  • Perth, Western Australia/April 10, 204/Perseus Mining Limited (ASX/TSX: PRU) (Perseus or PRU) refers to its off-market takeover bid under Chapter 6 of the Australian Corporations Act for all the current and to be issued ordinary shares in OreCorp Limited (ASX: ORR) (OreCorp or ORR) (Offer).1
    Perseus is pleased to announce that Silvercorp Metals Inc (Silvercorp) has accepted the Perseus Offer.
  • Silvercorp’s acceptance was for a total of 73,889,007 OreCorp Shares (representing 15.61% of OreCorp Shares on issue).
  • As at April 9, 2024, Perseus has a relevant interest in 354,982,123 OreCorp Shares (representing 74.98% of OreCorp Shares on issue).
  • OreCorp Shareholders should ACCEPT the Offer now in respect of Your OreCorp Shares.

SILVERCORP TO ACQUIRE ADVENTUS, CREATING A GEOGRAPHICALLY DIVERSIFIED MINING COMPANY BY ADDING THE ADVANCED EL DOMO PROJECT

Retrieved on: 
Friday, April 26, 2024
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At closing, existing Silvercorp and Adventus shareholders will own approximately 81.6% and 18.4%, respectively, of Silvercorp shares outstanding on a fully-diluted in-the-money basis.

Key Points: 
  • At closing, existing Silvercorp and Adventus shareholders will own approximately 81.6% and 18.4%, respectively, of Silvercorp shares outstanding on a fully-diluted in-the-money basis.
  • We would also like to acknowledge the hard work and contributions to the El Domo project by our future partners at Salazar Resources.
  • Silvercorp will continue to work collaboratively with Salazar as El Domo is advanced into construction and ultimately operations."
  • Combining the companies positions us well to deliver on El Domo and our other projects in collaboration with the government, local communities, and all stakeholders."

SilverCrest Reports Fourth Quarter and 2023 Annual Financial Results

Retrieved on: 
Monday, March 11, 2024
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2023 Sales and Corporate AISC Beat Guidance, Driving $54.4 million Increase in Treasury Assets

Key Points: 
  • 2023 Sales and Corporate AISC Beat Guidance, Driving $54.4 million Increase in Treasury Assets
    VANCOUVER, BC, March 11, 2024 /PRNewswire/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce its financial results for the fourth quarter of 2023 ("Q4, 2023") and the year ended December 31, 2023.
  • This release also provides additional operational results, expanding on the January 23, 2024 release of Q4, 2023 operational results from the Company's Las Chispas operation ("Las Chispas" or the "Operation") located in Sonora, Mexico.
  • We are extremely proud that within seven months of declaring commercial production we became debt free, after repaying $50.0 million in debt in the first half of 2023 ("H1, 2023").
  • Ended the quarter with treasury assets totaling $105.2 million ($86.0 million cash and $19.2 million in bullion), a $23.4 million or 29% increase from the prior quarter.

Silvercorp Provides OreCorp Offer Update

Retrieved on: 
Friday, March 1, 2024
BMO, Corporations Act 2001, TSX, SVM, ASX, Silvercorp Metals, Perseus, Silvercorp, Corporation, Investment

The Silvercorp Offer is contained in the replacement bidder's statement issued by Silvercorp and dated January 16, 2024 (as supplemented on February 2, 2024) ("Bidder's Statement").

Key Points: 
  • The Silvercorp Offer is contained in the replacement bidder's statement issued by Silvercorp and dated January 16, 2024 (as supplemented on February 2, 2024) ("Bidder's Statement").
  • Silvercorp further notes that, as at the time of this announcement, Perseus Mining Limited ("Perseus") has yet to provide an update on the status of its application to the Fair Competition Commission of Tanzania for an unconditional merger control approval in relation to its off-market takeover bid for all of the ordinary shares in OreCorp ("Perseus Offer").
  • Also, unlike the Silvercorp Offer, Perseus has not agreed to waive all conditions to the Perseus Offer within 3 business days after the 50.1% minimum acceptance condition is satisfied (other than any condition which has been publicly announced being breached or suspected to be breached).
  • Silvercorp encourages all OreCorp shareholders who have not already accepted the Silvercorp Offer to do so without delay.

Helen Cai Joins Silvercorp Board

Retrieved on: 
Wednesday, February 7, 2024
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VANCOUVER, BC, Feb. 7, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) today announced the appointment of Helen Cai to its Board as an independent director.

Key Points: 
  • VANCOUVER, BC, Feb. 7, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) today announced the appointment of Helen Cai to its Board as an independent director.
  • Ms. Cai is currently an independent director of Barrick Gold Corporation and Largo Inc., and most recently worked as a managing director with China International Capital Corporation until the spring of 2021.
  • Prior to this, Ms. Cai worked as a research analyst with the Goldman Sachs Group covering American mining and technology sectors and was highly ranked by the StarMine analyst ranking service.
  • Silvercorp's CEO and Chair, Dr. Rui Feng stated: "We are very pleased to welcome Ms. Cai to our Board.

Perseus increases interest in OreCorp to 19.9%

Retrieved on: 
Monday, November 27, 2023
Silvercorp Metals, ASX

Perseus is not currently in active discussions with OreCorp and does not intend to submit a change of control transaction in competition to the current scheme that Silvercorp Metals Inc has offered to OreCorp shareholders (initially announced to ASX on August 7, 2023 and subsequently revised on November 23, 2023) (Silvercorp Scheme).

Key Points: 
  • Perseus is not currently in active discussions with OreCorp and does not intend to submit a change of control transaction in competition to the current scheme that Silvercorp Metals Inc has offered to OreCorp shareholders (initially announced to ASX on August 7, 2023 and subsequently revised on November 23, 2023) (Silvercorp Scheme).
  • Perseus intends to vote against the Silvercorp Scheme at the OreCorp scheme meeting, which is scheduled for Friday, December 8, 2023.
  • This announcement has been authorised for release by Perseus’s Executive chairman, Jeff Quartermaine.

Perseus acquires 15% interest in OreCorp Limited

Retrieved on: 
Sunday, November 26, 2023
Silvercorp Metals, ASX, Acquisition, Mining, Gold, PRU, Engineering, Perseus, History

Perth, Western Australia/November 27, 2023/ Perseus Mining Limited (ASX/TSX:PRU) (Perseus or the Company) is pleased to announce that it has acquired a relevant interest of 15.03% in OreCorp Limited (OreCorp) shares (OreCorp Share Acquisition) as a strategic equity investment.

Key Points: 
  • Perth, Western Australia/November 27, 2023/ Perseus Mining Limited (ASX/TSX:PRU) (Perseus or the Company) is pleased to announce that it has acquired a relevant interest of 15.03% in OreCorp Limited (OreCorp) shares (OreCorp Share Acquisition) as a strategic equity investment.
  • OreCorp is an emerging mineral development company listed on the ASX under the code ORR.
  • Perseus would, however, welcome the opportunity to engage with OreCorp in order to determine an optimal and expedited pathway forward for the development of the Nyanzaga Gold Project.
  • Perseus intends to vote against the Silvercorp Scheme at the OreCorp scheme meeting, which is scheduled for Friday, December 8, 2023.

Silvercorp Adds New General Manager for Tanzania Project

Retrieved on: 
Thursday, December 28, 2023
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VANCOUVER, BC, Dec. 28, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce the hiring of Mr. Kevin Moxham as General Manager of Tanzania Projects effective January 1, 2024.

Key Points: 
  • VANCOUVER, BC, Dec. 28, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce the hiring of Mr. Kevin Moxham as General Manager of Tanzania Projects effective January 1, 2024.
  • Reporting to the CEO and the President, Mr. Moxham's main responsibility will be to lead the construction and commissioning of the Nyanzaga Gold Project, along with related infrastructure, in Tanzania, once Silvercorp has assumed effective control of the project.
  • Prior to joining Silvercorp, Mr. Moxham most recently served as Executive General Manager of the Khoemacau Copper Mine in Botswana where he was instrumental in facilitating its sale to MMG Limited for approximately US$2 billion in November 2023.
  • Dr. Rui Feng, Chairman and CEO of Silvercorp, commented, "We are very pleased to welcome Kevin to the Silvercorp team.

Silvercorp Releases Fiscal 2023 Sustainability Report

Retrieved on: 
Monday, October 16, 2023
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VANCOUVER, BC, Oct. 16, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce the publishing of its annual Sustainability Report for Fiscal 2023, detailing the Company's environmental, social, and governance ("ESG") performance, management, and targets.

Key Points: 
  • VANCOUVER, BC, Oct. 16, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce the publishing of its annual Sustainability Report for Fiscal 2023, detailing the Company's environmental, social, and governance ("ESG") performance, management, and targets.
  • "We remain firmly committed to the integration of Environmental, Social, and Governance (ESG) principles into our strategic planning, operations, and management," said Dr. Rui Feng, Chairman and CEO of Silvercorp.
  • "By prioritizing responsible mining, Silvercorp ensures that its operations not only create value for stakeholders but also have a positive impact on the lives of those connected to its activities.
  • As we progress towards our Fiscal 2024 goals and targets, Silvercorp's core values and purpose will guide each decision, ensuring that sustainability and responsibility remain at the forefront of our endeavors."

Lithium South Announces Appointment of Gordon Neal as a Director

Retrieved on: 
Thursday, October 12, 2023
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VANCOUVER, BC, Oct. 12, 2023 /PRNewswire/ -- Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) (the "Company") is pleased to announce the appointment of Gordon Neal as a director of the Company, effective October 6, 2023.

Key Points: 
  • VANCOUVER, BC, Oct. 12, 2023 /PRNewswire/ -- Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) (the "Company") is pleased to announce the appointment of Gordon Neal as a director of the Company, effective October 6, 2023.
  • Gordon Neal obtained his Bachelor of Science from Dalhousie University in 1978.
  • Since December 2021, he has served as the CEO and a director of Tincorp Metals Inc. where he oversees the company's exploration and development programs, capital markets, environmental and social responsibility, corporate development, and team building.
  • Mr. Neal is focused on asset growth, strengthening corporate foundations and value accretion.