Silvercorp renews authorization to buy back approximately 4% of its shares
Silvercorp ($SVM) Metals renewed its normal-course issuer bid, authorizing purchases of up to 8,848,585 common shares, approximately 4% of its outstanding stock. The program is scheduled to run for one year, with purchases made at prevailing market prices through permitted trading venues. All shares acquired under the program will be canceled. The company said the authorization provides flexibility when management considers the shares undervalued relative to its assets. That is the board’s asses
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