Silvercorp Metals (TSE:SVM) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
