Silvercorp Metals Secures License Extension for Tulkubash/Kyzyltash Projects Until 2062

Silvercorp Metals Inc. (SVM) successfully extends its mining license for the Tulkubash/Kyzyltash gold projects in the Kyrgyz Republic, solidifying its operations until 2062. The extension, stewarded through its joint venture, ZAAV, involves a major cash payment of $60 million to the Kyrgyz government, reflecting the company's ongoing commitment to responsible mining practices in a region rich with gold deposits.

Long-Term Operational Stability Ensured

This strategic advancement not only secures long-term operational stability for Silvercorp but also underscores the partnership's alignment with the Kyrgyz government's investment goals. CEO Dr. Rui Feng expresses confidence in the collaborative efforts with Kyrgyzaltyn and emphasizes the importance of this agreement in realizing the potential of these significant undeveloped gold resources.

Furthermore, the ZAAV board has commenced initial meetings to appoint management and outline Phase 1 development objectives for the Tulkubash project, set to initiate between 2026 and 2027.

Dividend Payments Reflect Commitment to Shareholder Returns

In a related development, Silvercorp announces a semi-annual dividend of US$0.0125 per share set for distribution in June 2026, reinforcing its focus on shareholder returns. Despite instating this dividend, the Board emphasizes that future declarations will consider project economics, market conditions, and available cash flow, demonstrating a balanced approach to capital management.

Strategic Focus on Growth and Sustainability

With a history of profitability driven by silver, gold, lead, and zinc production, Silvercorp continues to pursue growth through strategic exploration and responsible mining. Their commitment to environmental, social, and governance (ESG) principles remains central to their operational strategy.

For more detailed company information, stakeholders are encouraged to visit Silvercorp's official website.