Silvercorp Metals (SVM) has notable insider buying

Silvercorp Metals (T:SVM)

Yuzhou Liu, a Senior Officer, acquired 35,000 Common Shares without par value on a direct ownership basis at a price of $3.550 through an exercise of options on July 11th, 2018. This represents a $124,250 investment into the company's shares and an account share holdings change of 22.8%.

Silvercorp Metals Inc. (Silvercorp) is a silver-producing Canadian mining company. The Company is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. The Company's segments include Mining, including projects, such as Henan Luoning, Hunan, Guangdong and Other, and Administrative, which includes Beijing and Vancouver. The Company is the primary silver producer in China through the operation of over four silver-lead-zinc mines in the Ying Mining District in Henan Province, China, including SGX, HZG, TLP, Haopinggou (HPG) and the LM mines. The Company also has commercial production at its Gaocheng (GC) silver-lead-zinc project in Guangdong Province. Silvercorp's principal products and source of sales are silver-bearing lead and zinc concentrates and some direct smelting ores. The Company sells all its products to local smelters or companies in the mineral products trading business.