Silvercorp Metals (TSE:SVM) has released an update.
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Silvercorp Metals Inc. has announced the pricing of a $130 million private placement of 4.75% convertible senior notes due in 2029, with an option for initial purchasers to buy an additional $20 million. The proceeds are intended for developing copper-gold mining projects outside China and other exploration activities. This strategic move aims to bolster Silvercorp’s growth prospects amidst fluctuating commodity markets.
For further insights into TSE:SVM stock, check out TipRanks’ Stock Analysis page.
