Silvercorp Acquires Chaarat ZAAV CJSC (Tulkubash/Kyzyltash Gold Projects)

January 27, 2026

Silvercorp Metals Inc. completed the acquisition of Chaarat ZAAV CJSC for $92 million and will convert ZAAV into a joint venture (JVC) with Kyrgyzaltyn, holding a 70% operator stake while Kyrgyzaltyn holds 30% free-carried. The JVC holds the fully permitted Tulkubash/Kyzyltash gold projects and surrounding exploration licenses; Silvercorp will pay an additional $60 million to the Kyrgyz National Investment Agency after an agreed mining-license extension to June 25, 2062.

Buyers
Silvercorp Metals Inc.
Targets
Chaarat ZAAV CJSC (ZAAV) — Tulkubash/Kyzyltash gold projects
Sellers
Chaarat Gold Holdings Limited
Location
Kyrgyzstan
Transaction Type
Buyout

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