Silvercorp completed the acquisition of a 70% stake in Chaarat ZAAV from Chaarat Gold for $162m.

Silvercorp, a Canadian-based mining company that produces silver, gold, lead, and zinc, completed the acquisition of a 70% stake in Chaarat ZAAV, a mining company focused on the Tulkubash/Kyzyltash gold projects in the Kyrgyz Republic, from Chaarat Gold, a gold mining and development company focused on Central Asia, for $162m. “We are pleased to develop these Projects, the largest undeveloped gold deposits in the West Tien Shan gold belt. All interests are aligned for us to bring the Projects into production. With our 20 years of mining expertise and financial strength, we are confident Silvercorp and Chaarat’s well-established local team can work with our Kyrgyz partner to advance ahead on the Projects and unlock value for all stakeholders and shareholders,” Rui Feng, Silvercorp Chair and CEO.