The Central Asia project construction plan of Silvercorp Metals Inc. (SVM.US) has been implemented, and the growth curve of gold has officially started.

On June 22, Silvercorp Metals Inc. (SVM.US) announced the overall construction plan and investment budget for the Chaarat Gold Mine in Kyrgyzstan, providing a clear path for the company's medium to long-term growth and opening up multiple favorable conditions to expand the company's growth space. The announcement showed that the total project budget is $196.3 million, with plans to invest $57 million in 2026 and $139 million in 2027. The phased investment ensures the company's short-term cash flow stability. The project adopts a development model of "rapid production of Phase I oxide ore + long-term increment of Phase II sulfide ore". Phase I Turquoise Bash oxidized ore has complete permits and clear certainty in implementation. The mine planning and construction will become an open-pit heap leach mine with an annual processing capacity of 4 million tons of ore. This process is mature and has low operating costs, providing strong performance elasticity during the upward cycle of gold prices, and can quickly contribute steady cash flow. The focus on medium to long-term growth is on Phase II Kyzyltash sulfide ore. The project plans to process 3-4 million tons of ore per year through open-pit and underground joint mining. From 2026 to 2027, the company will implement a drilling project with a total footage of over 110,000 meters to upgrade resources and expand the mineralized range, with vast additional storage space in the future. At the same time, the company is steadily advancing preliminary economic evaluations, pre-feasibility analysis, and detailed engineering design work to lay a solid foundation for the subsequent implementation and capacity release of the Phase II project. The Chaarat Gold Mine was acquired by Silvercorp Metals Inc. in January 2026, with a mining license covering approximately 7 square kilometers, including the Turquoise Bash/Kyzyltash gold mines, with a total gold content of 186 tons and silver content of 644 tons. It also includes exploration licenses covering 27.42 square kilometers in the surrounding area, including the Karator and Ishakuld gold mines, with an estimated resource of 6 tons at the Karator gold mine. In terms of equity structure, Silvercorp Metals Inc. holds a 70% stake in the joint venture company and serves as the project operator, while the Kyrgyz Republic's national mining company, Kyrgyzaltyn, holds a 30% "dry share," taking advantage of deep cooperation with local state-owned enterprises in Kyrgyzstan to significantly benefit from risk mitigation. Industry analysts point out that the implementation of the Chaarat project will significantly optimize Silvercorp Metals Inc.'s business structure, changing the product layout dominated by lead, zinc, and silver, significantly increasing the weight of gold assets, and potentially driving overall valuation recovery. At the same time, in the context of increasing volatility in the precious metals market, Silvercorp Metals Inc. continues to advance its strategic layout in Central Asia, successfully building a dual-drive pattern of gold and silver and achieving diversified development of precious metal categories, significantly enhancing the company's risk resistance and long-term profitability stability.