Silvercorp Metals Inc. (NYSE-A/TSX: SVM) Still Looking to Grow, Files US$400M Base Shelf Prospectus
Silvercorp has a stated mandate to grow through acquisitions. The company’s profitable operations in China are complemented by construction and development stage projects in Ecuador. Recent financial results show rising revenue and cash flow, giving management a strong foundation for future strategic moves. Silvercorp renewed its base shelf prospectus in Canada and the U.S., after the previous one expired, qualifying up to US$400 million in securities over 25 months, positioning the company with flexibility to issue shares, debt, warrants, or units, based upon market conditions. Silvercorp Metals (NYSE American/TSX: SVM), a Canadian mining company producing silver, gold, lead, and zinc,…