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M&A / Property

Silvercorp closes acquisition of Kyrgyzstan projects

By The Northwire Desk — AI Analysis Jan 27, 2026 · 20:48 SVM · 17.25 Silvercorp Metals Inc.
SVM · Price

Executive Summary

  • Silvercorp Metals Inc. has completed the acquisition of Chaarat ZAAV CJSC (ZAAV) from Chaarat Gold Holdings Ltd. for $92 million, following the Kyrgyz government's waiver of its statutory pre-emptive right.
  • ZAAV will be converted into a joint venture company (JVC) with Kyrgyzaltyn (a subsidiary of the Kyrgyz Republic), with Silvercorp holding a 70% interest and acting as operator, while Kyrgyzaltyn holds a 30% free-carried interest.
  • The JVC holds the fully permitted Tulkubash/Kyzyltash gold projects and surrounding exploration licenses in the Tian Shan area. Silvercorp is obligated to make a $60 million cash payment to the National Investment Agency (NIA) to secure an extension of the mining license validity from 2032 to 2062.

Key Details

  • Transaction Completion: Acquisition of Chaarat ZAAV CJSC (ZAAV) completed per share purchase agreement with Chaarat Gold Holdings Ltd.
  • Purchase Price: $92 million paid to Chaarat Gold Holdings Ltd.
  • Regulatory Status: Kyrgyz government issued a waiver of its statutory pre-emptive right.
  • Joint Venture Structure:
    • ZAAV to be converted into a JVC with Kyrgyzaltyn (wholly owned subsidiary of the Kyrgyz Republic).
    • Silvercorp Interest: 70% (Operator).
    • Kyrgyzaltyn Interest: 30% (Free-carried).
  • License Extension & Additional Consideration:
    • The JVC will apply to extend the mining license validity from June 25, 2032, to June 25, 2062.
    • Silvercorp to make a $60 million cash payment to the National Investment Agency (NIA) under the President of the Kyrgyz Republic per a co-operation agreement.
  • Assets Acquired:
    • 100% interest in the mining licence hosting the fully permitted Tulkubash/Kyzyltash gold projects.
    • Surrounding exploration licences hosting the Karator and Ishakuld gold zones.
    • Location: Tian Shan area, Kyrgyzstan.
  • Legal Counsel: King & Wood Mallesons (Beijing office) acted as lead legal counsel to Silvercorp.
  • Reference: Details refer to the news release dated Jan. 20, 2026.
Read the original news release →

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