Silvercorp Advances El Domo Project with Key Contract Award

Silvercorp Metals ( (TSE:SVM) ) has issued an announcement.

Silvercorp Metals Inc. has announced significant progress in the development of the El Domo Project in Ecuador, with plans to commence production in the latter half of 2026. Recent advancements include the awarding of the earthworks contract to a seasoned international mining contractor and substantial progress in engineering, community engagement, and infrastructure development, all of which are crucial for the project’s successful execution. The project is on track with detailed engineering and infrastructure plans, emphasizing community relations and environmental considerations, which may enhance Silvercorp’s positioning in the global mining industry.

More about Silvercorp Metals

Silvercorp Metals Inc. is a mining company that operates primarily within the precious metals industry, focusing on silver production. The company has expanded its operations into Ecuador through its acquisition of Adventus Mining Corporation, and is actively involved in developing the El Domo Project alongside its Ecuadorian subsidiary Curimining S.A. and Salazar Resources Limited.

YTD Price Performance: -3.17%

Average Trading Volume: 3,471,850

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $661.7M

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