Silvercorp Metals Management

Management criteria checks 3/4

Silvercorp Metals' CEO is Rui Feng, appointed in Sep 2003, has a tenure of 21.17 years. total yearly compensation is $3.21M, comprised of 29.4% salary and 70.6% bonuses, including company stock and options. directly owns 2.87% of the company’s shares, worth $21.39M. The average tenure of the management team and the board of directors is 1.3 years and 12.8 years respectively.

Key information

Rui Feng

Chief executive officer

US$3.2m

Total compensation

CEO salary percentage	29.4%
CEO tenure	21.2yrs
CEO ownership	2.9%
Management average tenure	1.3yrs
Board average tenure	12.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rui Feng's remuneration changed compared to Silvercorp Metals's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$56m
Jun 30 2024	n/a	n/a	US$49m
Mar 31 2024	US$3m	US$945k	US$36m
Dec 31 2023	n/a	n/a	US$31m
Sep 30 2023	n/a	n/a	US$32m
Jun 30 2023	n/a	n/a	US$20m
Mar 31 2023	US$4m	US$900k	US$21m
Dec 31 2022	n/a	n/a	US$24m
Sep 30 2022	n/a	n/a	US$17m
Jun 30 2022	n/a	n/a	US$29m
Mar 31 2022	US$3m	US$858k	US$31m
Dec 31 2021	n/a	n/a	US$34m
Sep 30 2021	n/a	n/a	US$37m
Jun 30 2021	n/a	n/a	US$43m
Mar 31 2021	US$3m	US$743k	US$46m
Dec 31 2020	n/a	n/a	US$43m
Sep 30 2020	n/a	n/a	US$40m
Jun 30 2020	n/a	n/a	US$37m
Mar 31 2020	US$3m	US$743k	US$34m
Dec 31 2019	n/a	n/a	US$43m
Sep 30 2019	n/a	n/a	US$46m
Jun 30 2019	n/a	n/a	US$41m
Mar 31 2019	US$2m	US$743k	US$40m
Dec 31 2018	n/a	n/a	US$40m
Sep 30 2018	n/a	n/a	US$44m
Jun 30 2018	n/a	n/a	US$47m
Mar 31 2018	US$2m	US$705k	US$47m

Compensation vs Market: Rui's total compensation ($USD3.21M) is about average for companies of similar size in the US market ($USD3.17M).

Compensation vs Earnings: Rui's compensation has been consistent with company performance over the past year.

CEO

Rui Feng (61 yo)

21.2yrs

Tenure

US$3,210,464

Compensation

Dr. Rui Feng, Ph. D. (Geo), has been Director of Tincorp Metals Inc. (formerly known as Whitehorse Gold Corp.) since May 5, 2021. He was a Director of New Pacific Metals Corp. since May 2004 until December...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Rui Feng	Chairman & CEO	21.2yrs	US$3.21m	2.87% $ 21.4m
Lon Shaver	President	1.2yrs	US$605.62k	0.082% $ 607.5k
Zhihua Liu	Chief Financial Officer	9.8yrs	US$624.38k	0.071% $ 528.8k
Jonathan Hoyles	General Counsel & Corporate Secretary	1.3yrs	US$140.02k	0.00084% $ 6.3k
Lichang Peng	General Manager of China Operations	2.2yrs	US$348.50k	no data
Peter Lekich	Director of Corporate Development & Investor Relations	less than a year	no data	0.00072% $ 5.4k
Yongming Zhang	Vice President of Exploration	no data	US$117.74k	no data
Y Wang	Chief Environment Engineer of Ying Mines	no data	no data	no data
Leon Ma	Senior Resources Geologist	no data	no data	no data
Luke Sun	Controller	1.2yrs	no data	no data

1.3yrs

Average Tenure

Experienced Management: SVM's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Rui Feng	Chairman & CEO	21.2yrs	US$3.21m	2.87% $ 21.4m
Stephen Simpson	Lead Independent Director	21.4yrs	US$246.61k	0.53% $ 3.9m
Yikang Liu	Independent Director	18.3yrs	US$184.99k	0.045% $ 338.0k
Hongyu Cai	Independent Director	less than a year	US$12.36k	0.0019% $ 14.3k
Marina Katusa	Independent Director	7.2yrs	US$190.55k	0.080% $ 597.3k
Ken Robertson	Independent Director	2.2yrs	US$179.43k	0.0073% $ 54.3k

12.8yrs

Average Tenure

64yo

Average Age

Experienced Board: SVM's board of directors are seasoned and experienced ( 12.8 years average tenure).

Silvercorp Metals Management

Management criteria checks 3/4

Key information

Recent management updates

Chief Financial Officer recently sold US$232k worth of stock

Chief Financial Officer recently sold US$207k worth of stock

Silvercorp Metals Inc., Annual General Meeting, Sep 27, 2024

Chairman & CEO recently sold US$190k worth of stock

Silvercorp Metals Inc. Appoints Helen Cai to Its Board as an Independent Director

Silvercorp Metals Inc. Announces David Kong Did Not Stand for Re-Election as A Director

Recent updates

Silvercorp Metals Inc. announced that it has received $130 million in funding

Investor sentiment deteriorates as stock falls 15%

Silvercorp Metals Inc. announced that it expects to receive $130 million in funding

First half dividend of US$0.013 announced

Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Silvercorp Metals Inc. to Report Q2, 2025 Results on Nov 07, 2024

Price target increased by 18% to US$6.00

Chief Financial Officer recently sold US$232k worth of stock

Investor sentiment improves as stock rises 21%

Chief Financial Officer recently sold US$207k worth of stock

Price target decreased by 11% to US$5.10

Investor sentiment improves as stock rises 21%

First quarter 2025 earnings: EPS exceeds analyst expectations

Investor sentiment deteriorates as stock falls 16%

Silvercorp Metals Inc., Annual General Meeting, Sep 27, 2024

Silvercorp Metals Inc. to Report Q1, 2025 Results on Aug 13, 2024

Final dividend of US$0.013 announced

Silvercorp Metals Inc. Declares Semi-Annual Dividend, Payable on June 27, 2024

New major risk - Revenue and earnings growth

Investor sentiment improves as stock rises 16%

Silvercorp Metals Inc. (TSX:SVM) entered into an agreement to acquire Adventus Mining Corporation (TSXV:ADZN) for CAD 89.5 million.

Price target decreased by 7.7% to US$6.00

Silvercorp Metals Inc. to Report Fiscal Year 2024 Results on May 23, 2024

Chairman & CEO recently sold US$190k worth of stock

Investor sentiment improves as stock rises 16%

New major risk - Revenue and earnings growth

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Silvercorp Metals Inc. Provides Production Guidance for the Fourth Quarter of Fiscal 2024

Silvercorp Metals Inc. Appoints Helen Cai to Its Board as an Independent Director

Silvercorp Metals Inc. Reports High-Grade Silver Drill Results At the Tlp Mine

Silvercorp Metals Inc. to Report Q3, 2024 Results on Feb 08, 2024

Silvercorp Metals Inc. Reports High-Grade Gold-Silver-Lead-Zinc Drill Results from the HPG Mine

Investor sentiment improves as stock rises 17%

Upcoming dividend of US$0.013 per share at 1.1% yield

Price target decreased by 12% to US$5.75

Silvercorp Metals Inc. Declares Semi-Annual Dividend, Payable on or Before December 15, 2023

Silvercorp Metals Inc. to Report Q2, 2024 Results on Nov 09, 2023

Silvercorp Metals Inc. Announces David Kong Did Not Stand for Re-Election as A Director

Silvercorp Metals Inc. Promotes Lon Shaver to President

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Silvercorp Metals Inc. (TSX:SVM) agreed to acquire OreCorp Limited (ASX:ORR) from Rollason Pty Ltd. and others for approximately AUD240 million.

Silvercorp Metals Inc., Annual General Meeting, Sep 29, 2023

Silvercorp Metals Inc. to Report Q1, 2024 Results on Aug 03, 2023

Silvercorp Metals Inc. Reports High-Grade Silver-Lead Drill Results from the SGX Mine

Silvercorp Metals Inc. Reports Assay Results from Its Ongoing Diamond Drilling Program At the LMW Mine Within the Ying Mining District, China

Price target increased by 17% to US$7.63

Upcoming dividend of US$0.013 per share at 0.8% yield

Silvercorp Metals Inc. Declares Semi-Annual Dividend, Payable on or Before June 29, 2023

Full year 2023 earnings released: EPS: US$0.12 (vs US$0.17 in FY 2022)

Silvercorp Metals Inc. (TSX:SVM) signed Non-Binding Term Sheet to acquire Celsius Resources Limited (ASX:CLA) for AUD

Investor sentiment improves as stock rises 15%

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Silvercorp Metals Inc. to Report Q3, 2023 Results on Feb 09, 2023

Now 21% undervalued

Now 21% undervalued

Upcoming dividend of US$0.013 per share

Investor sentiment improved over the past week

Silvercorp Metals Inc. Declares Semi-Annual Dividend, Payable on or Before December 16, 2022

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

High number of new directors

Price target decreased to US$8.50

Silvercorp Metals Inc. to Report Q2, 2023 Results on Nov 03, 2022

Silvercorp Metals Inc. Intercepts New High-Grade Structures At LMW Mine, Ying Mining Distrct, China, Including Vein LM26: 5.39 Metres True Width Grading 2,896 Grams Per Tonne Silver and 2.58% Copper

Investor sentiment improved over the past week

Silvercorp Metals Inc. Appoints Ken Robertson to the Board of Directors

Investor sentiment deteriorated over the past week

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Silvercorp Metals Inc., Annual General Meeting, Sep 30, 2022

Silvercorp Metals Inc. to Report Q1, 2023 Results on Aug 11, 2022