A sharp increase in international gold and silver prices, driven by safe-haven demand and a weaker U.S. dollar, lifted shares of precious metals companies. New Pacific Metals Corp. (NEWP.US) closed up 10.45% on Wednesday at $5.92, bringing its year-to-date gain to 68%. Silvercorp Metals Inc (SVM.US) rose 8.06% to close at $13.01, accumulating a 56% increase since the start of the year. The rally in gold and silver came amid market expectations that the U.S. and Iran may reach an agreement, pushing both metals to their largest single-day gains in over a month. On Wednesday, spot gold climbed as much as 3.6%, surpassing $4,700 per ounce, while spot silver surged nearly 7%, reaching a high of $77.82 per ounce. Lower energy prices contributed to declining bond yields, and the U.S. dollar retreated to pre-conflict levels. Since gold pays no interest and is priced in dollars, these factors have supported its appeal. Data shows that Silvercorp Metals processed a total of 1.4755 million tons of ore in fiscal year 2026, up 12% year-on-year, significantly exceeding the upper end of its annual production guidance of 1.369 million tons. This reflects the company's continued improvement in operational efficiency and the successful implementation of its capacity expansion plans in domestic mines. Full-year silver equivalent production remained largely stable compared to the previous year, while gold output increased by 16%, highlighting the resilience of the company's asset portfolio. Meanwhile, as projects in Ecuador and Central Asia gradually commence production, the company is expected to unlock further growth potential. Notably, New Pacific Metals Corp., a Canadian exploration and development company, holds two world-class undeveloped open-pit silver mines in Bolivia. The Carangas silver-gold mine contains 7,868 tons of silver, 38 tons of gold, and 2 million tons of zinc and lead in its open pit. The Silver Sand silver deposit holds 4,886 tons of silver, demonstrating significant development potential.