Silvercorp Announces $196.3 Million Budget for Chaarat ZAAV Project
Silvercorp Metals Inc. (TSX/NYSE American: SVM) announced a US$196.3 million capital expenditure plan for the Chaarat ZAAV project in Kyrgyzstan, with US$57 million forecast for 2026 and US$139 million for 2027. The budget covers development of the Tulkubash deposit (Phase 1) and initial expenditures for the Kyzyltash deposit (Phase 2).
Silvercorp Metals Inc. (TSX/NYSE American: SVM) announced a US$196.3 million capital expenditure budget for the development of the Chaarat ZAAV project in Kyrgyzstan, the company disclosed June 22. The plan covers development of the Tulkubash deposit (Phase 1) and initial expenditures to advance the Kyzyltash deposit (Phase 2).
The company forecast spending US$57 million in 2026 and US$139 million in 2027, concentrating the bulk of capital deployment in the second year. Silvercorp operates the project through its subsidiary Chaarat ZAAV CJSC.
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