What's Going On With Silvercorp Metals Stock Tuesday? - Silvercorp Metals (AMEX:SVM)

Silvercorp Metals Inc. (AMEX:SVM) stock rose on Tuesday after the company announced a major gold asset acquisition in Central Asia.Silvercorp has signed agreements to buy a 70% stake in the Tulkubash/Kyzyltash gold projects in the Kyrgyz Republic for about $162 million.The company signed a share purchase agreement with Chaarat Gold Holdings and a cooperation agreement with the National Investment Agency under the President of the Kyrgyz Republic.The deal includes the fully permitted mining license and nearb ...