CA - Silvercorp Metals announces a share repurchase program

• Silvercorp Metals ( NYSE: SVM ) announced a share buyback program commencing August 29, 2022 to repurchase up to 7,079,407  of its own common shares, representing approximately 4% the 176,985,184 common shares issued and outstanding as of August 16, 2022.
• The repurchase program will expire August 28, 2023.
• Any private purchases that may be made under an exemption order issued by a securities regulatory authority will generally be at a discount to the prevailing market price.
• This buyback program is continuation of the program approved in August 2021, which ran from August 27, 2021 to August 26, 2022, to acquire up to 7,054,000 common shares, representing approximately 4% of the 176,369,091 common shares issued and outstanding as of August 22, 2021.
• All 739,960 shares acquired under the 2021 NCIB at a weighted average price of CAD$3.25, have been cancelled.

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