Silvercorp Metals announced a normal course issuer bid starting September 21, 2026, to buy back up to 8.85 million common shares, about 4% of its outstanding shares. The program aims to provide flexibility if the stock is undervalued relative to its mining assets and will run until September 20, 2027. Purchases will be made at market prices on Canadian and U.S. exchanges, with all repurchased shares to be cancelled. This move follows a similar program in 2025, which saw no share repurchases, signaling Silvercorp's intent to enhance shareholder value through strategic buybacks.
Silvercorp Metals' share repurchase program is the subject, with Pluang's Basic Materials sector data providing market context. As of Sep 17, 2026 19:11 WIB, 27 of 31 US Basic Materials stocks rose while 4 fell. Notable movers include FCX at USD 71.29 with a 1-day change of +2.94%, LAC at USD 2.86 with +2.88%, and ALB at USD 112.31 with +2.59%.
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