China’s largest silver producer
$48.6-million in cash, strong operations and the lowest production costs among its global peers.
Message: Announces Declaration of Quarterly Dividend-CAD$0.02
| February 13, 2009 |
| Silvercorp Announces Declaration of Quarterly Dividend-CAD$0.02 |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 13, 2009) - Silvercorp Metals Inc. ("Silvercorp") (TSX:SVM), China's largest primary Silver producer, provided notice of its next dividend: Quarterly Dividend of CAD$0.02 Silvercorp's third quarter dividend has been declared at CAD$0.02 per share and will be paid on April 21, 2009 to shareholders of record at the close of business on March 31, 2009. The declaration and amount of any future dividends will remain at the discretion of the Board of Directors and may be adjusted in the future based on fluctuations in metal prices and the Company's cash flows. The dividends are considered eligible dividends for Canadian tax purposes. Management Changes Silvercorp announced that Mr. Michael Hibbitts has resigned as Vice President, Operations. The Company would like to thank Mr. Hibbitts for his valuable contributions and wishes him well in his future endeavors. About Silvercorp Metals Inc. Silvercorp Metals Inc., China's largest primary silver producer, is also engaged in the acquisition, exploration, and development of silver related mineral properties focusing in the People's Republic of China ("China"). Silvercorp Metals Inc. is operating and developing four Silver-Lead-Zinc mines at the highly profitable Ying Mining Camp, Henan Province, China. Silvercorp is also applying for a mining permit for the newly acquired 95% owned GC & SMT property to profitably mine and produce silver, lead and zinc metals in Guangdong Province, China. The Company's common shares are included as a component of the S&P/TSX Composite and the S&P/TSX Global Mining Indexes. |
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