Silvercorp Metals
Silvercorp Metals is a Canadian precious-metals mining company focused on silver, lead, zinc and gold assets, with a major operating presence in China.
Last updated August 31, 2026
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Overview
Silvercorp Metals Inc. is a Canadian-based precious-metals mining company engaged in the acquisition, exploration, development and operation of mineral properties. The company is principally associated with silver, lead and zinc production in China, where it operates the Ying Mining District in Henan Province and the Gaocheng project in Guangdong Province. Its shares trade publicly in Canada and the United States under the symbol SVM. The business began in 1991 as Spokane Resources Ltd., a small exploration company incorporated in British Columbia. It was renamed SKN Resources Ltd. in 2001 and adopted the Silvercorp Metals name in 2005, the same year it graduated from the TSX Venture Exchange to the Toronto Stock Exchange. This transition marked the company's development from a junior explorer into a producing mining enterprise. Silvercorp's principal Chinese operations are concentrated in the Ying Mining District, an area containing the SGX, HPG, TLP and LM mines. The mines are held through Chinese subsidiaries in which Silvercorp has controlling interests of 77.5% and 80%, according to the company's described ownership structure. The district produces silver as its principal commodity, together with lead and zinc. The company's other significant Chinese asset is the Gaocheng project in Guangdong Province, held through a 95%-owned Chinese subsidiary. Gaocheng entered commercial production in 2014. The company has also pursued expansion beyond its original Chinese operating base. In 2008, Silvercorp acquired Yangtze Gold Ltd., whose associated structure held interests in Chinese exploration properties including Gaocheng and Shimentou. In 2024, Silvercorp agreed to acquire Adventus Mining Corporation through a court-approved plan of arrangement; the transaction closed on July 31, 2024. The acquisition broadened Silvercorp's exposure to Ecuadorian mining projects and reinforced its strategy of combining producing assets with development-stage opportunities. In January 2026, Silvercorp was reported to have agreed to acquire a 70% interest in the Tulkubash and Kyzyltash gold projects in Kyrgyzstan for a stated consideration of $162 million. The proposed transaction involved agreements with Chaarat Gold and the Kyrgyzstan National Investment Agency and was intended to give Silvercorp control of the project-holding entity through a joint venture with Kyrgyzaltyn. Completion was described as subject to government approvals and extensions of the relevant licences. Silvercorp's operating model combines production from established underground mines with exploration, project development and acquisitions. Its revenue exposure is centered on silver and associated base metals, while its newer international initiatives add gold and geographic diversification. The company's public identity is therefore that of a growth-oriented, precious-metals mining group rather than a consumer-facing product brand. Its main stakeholders include public-market investors, host-country authorities, local communities, employees, contractors and joint-venture partners.
History
Silvercorp Metals was incorporated in British Columbia in 1991 under the name Spokane Resources Ltd. During its early years, it operated as a small exploration company rather than as a major producer. In 2001, the company changed its name to SKN Resources Ltd. Its corporate development culminated in 2005, when it adopted the Silvercorp Metals name and moved from the TSX Venture Exchange to the larger Toronto Stock Exchange. The company's transformation into a producing precious-metals business was driven by its Chinese mineral assets. Silvercorp developed a substantial operating presence in Henan Province through the Ying Mining District, a group of silver, lead and zinc mines comprising the SGX, HPG, TLP and LM mines. The properties are held through Chinese subsidiaries in which Silvercorp maintains controlling interests. The district became the company's principal production base and established its identity as a silver-focused mining company. Silvercorp expanded its Chinese portfolio through the 2008 acquisition of Yangtze Gold Ltd. The associated Chinese corporate structure held exploration permits and interests connected with the Gaocheng and Shimentou properties in Guangdong Province. Gaocheng subsequently became a producing asset, entering commercial production in 2014. Together, Ying and Gaocheng provided Silvercorp with a combination of established production and continuing exploration potential. The company also engaged in community investment in the areas surrounding its Chinese operations. In 2006, it donated RMB1.25 million toward construction of a youth center in Luoning County, Henan Province. This was one of the publicly described community-related initiatives associated with the company's local operating presence. Silvercorp's later strategy emphasized geographic and commodity diversification. On April 26, 2024, it announced a definitive agreement to acquire Adventus Mining Corporation through a plan of arrangement. The transaction closed on July 31, 2024, adding Adventus-related assets and increasing Silvercorp's exposure to Ecuadorian development opportunities. In January 2026, the company was reported to have agreed to acquire a 70% interest in the Tulkubash and Kyzyltash gold projects in Kyrgyzstan for $162 million. The arrangement involved Chaarat Gold and the Kyrgyzstan National Investment Agency and contemplated a joint venture with Kyrgyzaltyn. The proposed deal was subject to government approvals and extensions of the projects' licences. If completed as described, it would represent a significant move into Central Asian gold development and a further shift from Silvercorp's historical concentration on Chinese silver production.
- 2024
Adventus Mining transaction completed
[1]Silvercorp completed its acquisition of Adventus Mining on July 31, broadening its international project portfolio.
- 2014
Gaocheng enters commercial production
[1]The Gaocheng project in Guangdong Province began commercial production.
- 2008
Yangtze Gold acquisition
[1]Silvercorp acquired Yangtze Gold Ltd., expanding its interests in Chinese exploration properties.
- 2006
Community donation in Henan
[1]Silvercorp donated RMB1.25 million toward a youth center in Luoning County, Henan Province.
- 2005
Silvercorp name adopted and TSX graduation completed
[1]The company adopted the Silvercorp Metals name and moved from the TSX Venture Exchange to the Toronto Stock Exchange.
- 2001
Renamed SKN Resources
[1]The company changed its corporate name from Spokane Resources Ltd. to SKN Resources Ltd.
- 1991
Company incorporated as Spokane Resources
[1]The British Columbia company was incorporated as Spokane Resources Ltd. and initially operated as a small exploration business.
Products and positioning
A publicly traded, Canada-based precious-metals producer and project developer focused historically on silver-led operations in China and increasingly on international gold and polymetallic growth opportunities.
Precious metals
Silver
Silver is Silvercorp's principal commodity and the defining output of its Ying Mining District operations. Production is supported by associated lead and zinc mineralization, allowing the company to operate polymetallic mines rather than relying solely on a single-metal deposit.
Base metals
Lead and zinc
Lead and zinc are co-products recovered from Silvercorp's silver-bearing polymetallic mines. These metals complement silver production and form an important part of the company's mine economics at the Ying Mining District and Gaocheng.
Precious metals · 2026
Gold
Gold became a more prominent strategic commodity in Silvercorp's international expansion plans, including its proposed 70% interest in the Tulkubash and Kyzyltash projects in Kyrgyzstan.
Marketing campaigns
- 2006Luoning County youth-center support
China
Silvercorp contributed RMB1.25 million toward construction of a youth center in Luoning County, Henan Province, near its Chinese operating interests.
Outcome. The contribution supported construction of a local youth facility.
Brand decisions
2026
Proposed acquisition of Kyrgyzstan gold-project interestsM&ABackground
Silvercorp sought to diversify into gold and establish a presence in Central Asian mining.
Action taken
The company was reported to have agreed to acquire a 70% interest in the Tulkubash and Kyzyltash projects for $162 million through agreements involving Chaarat Gold and the Kyrgyzstan National Investment Agency.
Aftermath
The proposed transaction was subject to government approvals and licence extensions and was intended to place the projects in a joint venture with Kyrgyzaltyn.
Proposed transaction consideration. $162 million (Announced January 2026)
2024
Acquisition of Adventus MiningM&ABackground
Silvercorp pursued international diversification beyond its established Chinese operating base.
Action taken
It agreed to acquire all outstanding Adventus Mining shares through a plan of arrangement; the transaction closed on July 31, 2024.
Aftermath
Silvercorp expanded its portfolio and increased its exposure to mining projects in Ecuador.
2008
Acquisition of Yangtze GoldM&ABackground
Silvercorp sought to expand its portfolio of Chinese mineral properties.
Action taken
The company acquired Yangtze Gold Ltd., whose associated structure held interests in exploration properties including Gaocheng and Shimentou.
Aftermath
The transaction strengthened Silvercorp's position in Chinese silver, lead and zinc exploration and development.
2005
Adoption of the Silvercorp Metals identityStrategyBackground
The company had evolved from a small exploration issuer operating under earlier corporate names.
Action taken
It adopted the Silvercorp Metals name and graduated from the TSX Venture Exchange to the Toronto Stock Exchange.
Aftermath
The change accompanied the company's transition toward a larger publicly traded mining business.
Recent events
Silvercorp announces Q2 fiscal 2027 financial results release date[2]
Reported:
Silvercorp announced that it expects to release its unaudited interim financial results for Q2 Fiscal 2027 on November 5, 2026, after market close.
Sources2 sources
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