Silvercorp Metals Inc. shares rise 1.19% premarket as gold mining shares lift Toronto stock market.

Silvercorp Metals Inc. rose 1.19% in premarket trading. The increase in the stock price can be attributed to the overall positive sentiment in the market, as Canada's main stock index edged up to another record high on Tuesday, recouping its earlier declines, as a jump in the price of oil and gold offset increased investor caution at the start of the month. Additionally, the Toronto stock market was lifted by gold mining shares, indicating a bullish sentiment towards mining stocks.