08:24 AM EDT, 09/17/2025 (MT Newswires) -- Silvercorp Metals ( SVM ) said Wednesday that it is renewing its share repurchase program.

The company said its normal course issuer bid will commence Friday, covering up to 8,747,245 of its own shares or about 4% of its common shares issued and outstanding.

Silvercorp said the share repurchase program would provide enhanced flexibility should market conditions result in the company's shares being undervalued by the market.

In its previous NCIB, Silvercorp bought 300,000 shares for cancellation at $4.51 each.

Silvercorp produces silver, gold, lead and zinc.