--- title: "Silvercorp Secures 30-Year License Extension and JV Structure for Kyrgyz Tulkubash/Kyzyltash Gold Projects" type: "News" locale: "en" url: "https://longbridge.com/en/news/287265840.md" description: "Silvercorp Metals has secured a 30-year license extension for its Tulkubash/Kyzyltash gold projects in Kyrgyzstan, converting Chaarat ZAAV CJSC into a joint venture with Kyrgyzaltyn. Silvercorp holds a 70% stake, with a US$60 million payment due upon license extension. The partnership aligns interests and reduces project risk, with an additional US$10 million payment tied to future milestones. Analysts rate SVM stock as a Hold with a C$12.50 target, while AI Analyst Spark rates it as Outperform due to strong cash generation." datetime: "2026-05-21T19:47:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287265840.md) - [en](https://longbridge.com/en/news/287265840.md) - [zh-HK](https://longbridge.com/zh-HK/news/287265840.md) --- # Silvercorp Secures 30-Year License Extension and JV Structure for Kyrgyz Tulkubash/Kyzyltash Gold Projects ### Meet Samuel – Your Personal Investing Prophet - Start a conversation with TipRanks’ trusted, data-backed investment intelligence - Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds Silvercorp Metals ( (TSE:SVM) ) has issued an announcement. On May 20, 2026, Silvercorp Metals said it had converted Chaarat ZAAV CJSC into a joint venture company with Kyrgyzaltyn, giving Silvercorp a 70% operating stake and Kyrgyzaltyn a 30% free-carried interest in the Tulkubash/Kyzyltash gold projects and nearby exploration licenses in Kyrgyzstan. The Kyrgyz government has extended the key mining license from June 25, 2032 to June 25, 2062, triggering a US$60 million payment from Silvercorp and approval of Phase 1 Tulkubash development for 2026–2027, a move that cements its position in one of the largest undeveloped gold deposits in the West Tien Shan belt and deepens its strategic ties with the host state. ZAAV has held its inaugural shareholder and board meetings, appointing a Silvercorp-nominated general manager and CFO and formally greenlighting near-term construction activity. The extended license term and state partnership structure reduce project tenure risk and align government and corporate interests as Silvercorp advances the asset toward production, with an additional US$10 million payment contingent on future milestones. The most recent analyst rating on (TSE:SVM) stock is a Hold with a C$12.50 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 SVM Stock** According to Spark, TipRanks’ AI Analyst, SVM is a Outperform. Score is driven primarily by strong cash generation and a conservatively leveraged balance sheet, partially offset by earnings volatility (TTM net loss/negative ROE). Technicals are mixed (near-term weakness but longer-term trend support), while valuation is constrained by a negative P/E and a modest dividend yield. Earnings call commentary was supportive overall, highlighting strong operational/cash results and project progress despite guidance and grade risks. To see Spark’s full report on SVM stock, click here. **More about Silvercorp Metals** Silvercorp Metals Inc. is a Canadian mining company producing silver, gold, lead and zinc, with operations focused on long-life mines and free cash flow generation. The company pursues organic growth through drilling, complements this with mergers and acquisitions, and emphasizes responsible mining and ESG practices across its portfolio. **Average Trading Volume:** 1,246,255 **Technical Sentiment Signal:** Buy **Current Market Cap:** C$3.79B Find detailed analytics on SVM stock on TipRanks’ Stock Analysis page. ### Related Stocks - [600547.CN](https://longbridge.com/en/quote/600547.CN.md) - [KGC.US](https://longbridge.com/en/quote/KGC.US.md) - [NEM.US](https://longbridge.com/en/quote/NEM.US.md) - [AEM.US](https://longbridge.com/en/quote/AEM.US.md) - [600489.CN](https://longbridge.com/en/quote/600489.CN.md) - [SVM.US](https://longbridge.com/en/quote/SVM.US.md) - [601899.CN](https://longbridge.com/en/quote/601899.CN.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [GOEX.US](https://longbridge.com/en/quote/GOEX.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [JNUG.US](https://longbridge.com/en/quote/JNUG.US.md) - [GOAU.US](https://longbridge.com/en/quote/GOAU.US.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [GDXW.US](https://longbridge.com/en/quote/GDXW.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [NUGT.US](https://longbridge.com/en/quote/NUGT.US.md) - [GDXU.US](https://longbridge.com/en/quote/GDXU.US.md) - [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md) - [GDX.US](https://longbridge.com/en/quote/GDX.US.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [SGDM.US](https://longbridge.com/en/quote/SGDM.US.md) - [SGDJ.US](https://longbridge.com/en/quote/SGDJ.US.md) - [GDXY.US](https://longbridge.com/en/quote/GDXY.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [RING.US](https://longbridge.com/en/quote/RING.US.md) ## Related News & Research - [Silvercorp Announces Extension of Mining License for the Tulkubash/Kyzyltash Gold Projects, Kyrgyzstan | SVM Stock News](https://longbridge.com/en/news/287120397.md) - [Silvercorp Boosts Strategic Stake in Tincorp Following Ecuador Project Sale](https://longbridge.com/en/news/286548091.md) - [AGNICO EAGLE ANNOUNCES INVESTMENT IN WALLBRIDGE MINING COMPANY LIMITED | AEM Stock News](https://longbridge.com/en/news/287063692.md) - [Agnico Eagle Greenlights $2.4 Billion Hope Bay Mine With 400,000-Ounce Annual Gold Output Target](https://longbridge.com/en/news/286959549.md) - [$1000 Invested In SPDR Gold MiniShares Trust 5 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/286819467.md)