Silvercorp Soars After Saying KPMG Review Counters Allegations
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Silvercorp Metals Inc., focused on mining in China, climbed the most in more than two years in Toronto after it said an investigation by accounting firm KPMG LLP found fraud allegations in two anonymous reports were untrue.
Silvercorp rose 17 percent to C$9.60 yesterday in Toronto, the biggest gain since Feb. 6, 2009.