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Silvercorp Metals ( (TSE:SVM) ) has provided an update.
Silvercorp Metals has completed the US$92 million acquisition of Chaarat ZAAV CJSC, gaining full ownership of the mining licence that hosts the fully permitted Tulkubash and Kyzyltash gold projects, along with surrounding exploration licences in the gold-rich Tian Shan region of Kyrgyzstan. The company will convert ZAAV into a joint venture with state-owned Kyrgyzaltyn, in which Silvercorp will hold a 70% operating stake and Kyrgyzaltyn a 30% free-carried interest, and the venture plans to seek a 30-year extension of its mining licence to 2062, after which Silvercorp will make a further US$60 million payment to Kyrgyz authorities, expanding its gold portfolio and deepening its strategic presence in Central Asia.
The most recent analyst rating on (TSE:SVM) stock is a Buy with a C$19.50 price target. To see the full list of analyst forecasts on Silvercorp Metals stock, see the TSE:SVM Stock Forecast page.
Spark’s Take on TSE:SVM Stock
According to Spark, TipRanks’ AI Analyst, TSE:SVM is a Neutral.
The score is driven primarily by strong financial health (low leverage, solid margins, improving cash generation) and clear bullish price trend. It is tempered by expensive valuation (very high P/E with low yield) and a mixed earnings update, where strong revenue/cash flow and liquidity were offset by cost inflation, production disruptions, and a reported net loss from noncash charges.
To see Spark’s full report on TSE:SVM stock, click here.
More about Silvercorp Metals
Silvercorp Metals is a Canadian mining company that produces silver, gold, lead and zinc, with a long track record of profitability and growth. The company focuses on generating free cash flow from long-life mines, expanding resources through extensive drilling, pursuing mergers and acquisitions to unlock value, and maintaining a long-term commitment to responsible mining and ESG practices.
Average Trading Volume: 1,003,477
Technical Sentiment Signal: Buy
Current Market Cap: C$3.86B
See more data about SVM stock on TipRanks’ Stock Analysis page.