Silvercorp Metals (TSE:SVM) has released an update.
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Silvercorp Metals has successfully closed a private placement offering, raising $150 million through convertible senior notes due in 2029. The funds will be used for copper-gold mining projects and other developments. This strategic move highlights Silvercorp’s commitment to expanding its operations beyond China.
For further insights into TSE:SVM stock, check out TipRanks’ Stock Analysis page.