Silvercorp Metals Raises El Domo Construction Budget to $284 Million

Reuters02-05 19:02

Silvercorp Metals Raises El Domo Construction Budget to $284 Million

Silvercorp Metals Inc. has updated the construction budget for its El Domo Project to $284 million, reflecting a $44 million increase from previous estimates. The company has made significant progress on site preparation, moving over 2.6 million cubic metres of material and completing archaeological clearance in compliance with permit conditions. Construction of a key powerline is underway, with completion expected in 2027, and backup diesel generators will be installed by December 2026 to ensure power availability for commissioning the process plant in July 2027. Silvercorp is also finalizing a mining contract with China Railway 19th Bureau Group Co., Ltd. for open pit mining and stripping at the site.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Silvercorp Metals Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001279569-26-000101), on February 05, 2026, and is solely responsible for the information contained therein.

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