UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE
ISSUER
PURSUANT TO RULE 13a-16 OR
15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
October 8, 2024
Commission File No. 0001-34184
SILVERCORP
METALS INC.
(Translation of registrant’s name into English)
Suite 1750 - 1066 West Hastings
Street
Vancouver, BC Canada V6E 3X1
(Address of principal executive office)
[Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F]
Form 20-F [ ] Form
40-F [ X ]
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
|
|
Dated:
October 8, 2024 |
SILVERCORP METALS INC. |
|
|
|
/s/
Jonathan Hoyles |
|
Jonathan
Hoyles |
|
General
Counsel and Corporate Secretary |
EXHIBIT INDEX
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|
EXHIBIT |
DESCRIPTION OF EXHIBIT |
Exhibit 99.1
Silvercorp Renews Mining License at Ying Mining
District
Trading Symbol TSX: SVM
NYSE AMERICAN:
SVM
VANCOUVER, BC, Oct. 8, 2024 /CNW/ - Silvercorp Metals
Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce that the
SGX Mine permit has been renewed for another 11 years with an increased capacity of 500,000 tonnes per year, based on the information
posted on the website of the Mineral Rights Administration of the Department of Natural Resources of Henan Province. The
Yuelianggou Mining License (the "License") containing the SGX and HZG silver-lead-zinc mines, located in the western part of
the Ying Mining District, has been renewed until September 24, 2035 with an increase in production capacity to 500,000
tonnes per year.
To renew a mining permit, the Company is required
to complete a series of studies and reports, including a Mineral Resource estimate to Chinese standards, a mine development plan, a mine
reclamation plan, an environment and soil preservation plan, an Environment Impact Study update, and a safety production facility construction
design. All these studies are required to be reviewed by independent panels and then filed with government authorities.
Subject to a final assessment of historical government
investment in the License area which may result in certain payments, the License in paper certificate will be issued to Silvercorp.
Currently, the SGX and HZG mines are operating normally and is also working on the mine optimization plan to achieve allowed production
capacity of 500,000 tonnes per year.
Guoliang Ma, P. Geo., Manager of Exploration and Resource
of the Company, is the Qualified Person for Silvercorp under NI 43-101 and has reviewed and given consent to the technical information
contained in this news release.
About Silvercorp
Silvercorp is a Canadian mining company producing
silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder
value by 1) focusing on generating free cashflow from long-life mines; 2) organic growth through extensive drilling for discovery; 3)
ongoing merger and acquisition efforts to unlock value; and 4) a long-term commitment to responsible mining and ESG. For more information,
please visit our website at www.silvercorpmetals.com.
For further information:
Silvercorp Metals Inc.
Lon Shaver, President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorpmetals.com
CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS
Certain of the statements and information in this
news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform
Act of 1995 and "forward-looking information" within the meaning of applicable Canadian and US securities laws (collectively,
"forward-looking statements"). Any statements or information that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words
or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects",
"estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts",
"objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain
actions, events or results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking
statements. Forward-looking statements relate to, among other things: the price of silver and other metals; foreign exchange rates;
the accuracy of mineral resource and mineral reserve estimates at the Company's material properties; the sufficiency of the Company's
capital to finance the Company's operations; estimates of the Company's revenues operation costs, and capital expenditures; estimated
production from the Company's; timing of receipt of permits and regulatory approvals; availability of funds from production to finance
the Company's operations; and access to and availability of funding for future construction, use of proceeds from any financing and development
of the Company's properties;.
Actual results may vary from forward-looking statements.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual
events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks relating to:
fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations
and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports
all necessary permits, licenses and regulatory approvals for our operations are received in a timely manner; title to properties; property
interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions;
economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production;
integration of future acquisitions into the Company's existing operations; competition; operations and political conditions; regulatory
environment in China, Canada and Ecuador; environmental risks; regulatory investigations, claims and legal proceeding, foreign exchange
rate fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management;
global economic and social impact of COVID-19; internal control over financial reporting; and bringing actions and enforcing judgments
under U.S. securities laws.
This list is not exhaustive of the factors that
may affect any of the Company's forward-looking statements. Forward-looking statements are statements about the future and are inherently
uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the
forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to
in the Company's Annual Information Form under the heading "Risk Factors" and in the Company's Annual Report on Form 40-F, and
in the Company's other filings with Canadian and U.S. securities regulators. Although the Company has attempted to identify important
factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated,
estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements.
The Company's forward-looking statements are based
on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by
applicable securities laws, the Company does not assume any obligation to update forward-looking statements if circumstances or management's
assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements. Assumptions may
prove to be incorrect and actual results may differ materially from those anticipated. Consequently, guidance cannot be guaranteed. For
the reasons set forth above, investors should not place undue reliance on forward-looking statements.
A comprehensive discussion of risks that impact
Silvercorp, and additional information relating to the Company including Silvercorp's Annual Information Form can be obtained under the
Company's profile on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on the Company's website at www.silvercorpmetals.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/silvercorp-renews-mining-license-at-ying-mining-district-302270479.html
SOURCE Silvercorp Metals Inc
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2024/08/c4482.html
%CIK: 0001340677
CO: Silvercorp Metals Inc
CNW 17:05e 08-OCT-24
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