Blockchain Registration Transaction Record

Silvercorp Metals Acquires 70% Stake in Kyrgyz Gold Projects for $162M

Silvercorp Metals to acquire 70% of Chaarat's Kyrgyz gold projects (Tulkubash & Kyzyltash) for $162M, forming a JV with Kyrgyzaltyn. Deal advances after gov't waiver.

This acquisition represents a major expansion for Silvercorp Metals, diversifying its portfolio beyond its core silver-lead-zinc operations into gold development in the prospective Tian Shan belt. For investors, it signals aggressive growth through M&A, potentially enhancing future production and revenue streams. The deal's structure, involving a local joint venture partner (Kyrgyzaltyn), mitigates geopolitical risk and aligns with best practices for foreign investment in Central Asia. The issuance of the key government waiver de-risks the transaction, moving it closer to fruition. In the broader context, it highlights continued investment interest in Kyrgyzstan's mineral resources and could stimulate further development in the region, impacting global gold supply chains and offering a new growth vector for Silvercorp shareholders.