Silvercorp Metals (TSX: SVM; NYSE American: SVM) President Lon Shaver joins Kitco Mining’s Kitco Spotlight with Paul Harris to discuss silver’s volatile run, the company’s low-cost China operations, and its plan to grow across Ecuador and Kyrgyzstan.
Shaver said silver’s pullback should be viewed against the scale of the move that came before it, with the metal still trading near $60 per ounce after roughly doubling from early 2025 levels. “This is a great time to be a silver producer at $60 silver,” he said.
Silvercorp produced 6.8 million ounces of silver and 7.5 million ounces of silver equivalent in fiscal 2026, which ended March 31, at an all-in sustaining cost of $14.25 per ounce. Shaver outlines how the company is funding growth beyond China, including El Domo and Condor in Ecuador, as well as the Tulukbash and Kyzyl Tash gold projects in Kyrgyzstan.
Shaver also discusses Silvercorp’s planned Hong Kong listing, emerging market valuation discounts, project financing, M&A strategy, New Pacific Metals, and key catalysts for 2026 and 2027.
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To learn more about Silvercorp Metals, visit: https://silvercorpmetals.com/
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02:04 - Silver Deficits, Volatility, and Market Liquidity
03:53 - Silvercorp’s Global Growth Strategy
06:42 - Fiscal 2026 Production, AISC, and Asset Complexity
08:49 - El Domo, Condor, and Kyrgyzstan Project Pipeline
11:37 - Silvercorp’s Growth Targets Through 2031
12:28 - Valuation Discounts and Emerging Market Risk
14:11 - Why Silvercorp Is Pursuing a Hong Kong Listing
17:40 - Management Team, Hong Kong Fundraise, and Investor Access
20:39 - China Loan Facility and RMB Currency Strategy
22:43 - Five-Year Vision, M&A, and New Pacific Metals
25:59 - 2026-2027 Catalysts: Kyrgyzstan, Condor, and El Domo
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Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.
