07:37 AM EDT, 09/17/2024 (MT Newswires) -- Silvercorp Metals Inc. ( SVM ) announced Tuesday a normal course issuer bid commencing September 19, 2024, to acquire up to 8,670,700 of its own common shares, representing approximately 4% of the 216,767,513 common shares issued and outstanding as of September 5, 2024. The repurchase program will expire September 18, 2025.

SVM in a statement said the NCIB is being implemented to "provide enhanced flexibility should market conditions result in Silvercorp's shares being undervalued relative to the value of its mining and corporate assets".