Silvercorp Metals Inc. (NYSE-A/TSX: SVM) El Domo E
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Posted On: 08/22/2025 5:31:44 PM
Silvercorp Metals Inc. (NYSE-A/TSX: SVM) El Domo Environmental License Upheld as Ecuador’s Constitutional Court Dismisses Final Challenge
- Ecuador’s Constitutional Court unanimously upheld the environmental license for the El Domo mining project.
- The Court confirmed the consultation process met international standards and the project has strong community backing (98% support).
- The El Domo Project is expected to deliver significant socio-economic benefits to the Las Naves community.
- The ruling clears the path for continued project advancement
Silvercorp Metals (NYSE American/TSX: SVM), a Canadian mining company producing silver, gold, lead, and zinc, has seen the legal challenge over its El Domo mining project in Ecuador come to an end. The country’s Constitutional Court unanimously dismissed a final challenge to the project’s environmental license, concluding a year-long judicial process that progressed through multiple levels of the Ecuadorian court system (https://nnw.fm/HvG3z ).
The ruling confirms the validity of the environmental license issued by the Ministry of Environment, Water, and Ecological Transition (“MAATE”) and affirms that the environmental consultation process complied with both Ecuadorian law and the standards of the Regional Agreement on Access to Information, Public Participation and Justice in Environmental Matters in Latin America and the Caribbean, known as the Escazú Agreement.
With 98% of residents within the project’s area of influence supporting the initiative, the project has broad community backing. The El Domo project, currently under construction, is anticipated to deliver long-term socio-economic benefits to Las Naves, as well as Ecuador as a whole, including job creation, a new source of tax revenue and local development opportunities.
The legal challenge began on June 5, 2024, when a group filed a constitutional protection action against MAATE, arguing that the environmental consultation process was inadequate. On July 24, 2024, the local court in Las Naves dismissed the action, ruling that MAATE had followed proper procedures. This decision was upheld by the provincial court on November 12, 2024.
The plaintiffs then turned to the Constitutional Court with an Extraordinary Protection Action in December 2024, which was rejected in February 2025 for failing to meet constitutional criteria. A subsequent motion for clarification was denied on July 24, 2025, closing the case.
As the first mining operation in Ecuador to undergo an environmental consultation aligned with Escazú Agreement standards, El Domo is also a precedent-setting case for the sector. Once in production, targeted for late 2026, the project is expected to materially enhance the company’s financial performance, while providing geographic and metals diversification, with increased exposure to copper and gold.
The project’s development aligns with the company’s goal of creating sustainable shareholder value while fostering local economic development, supporting the company’s broader strategy of generating free cash flow from long-life mines, pursuing organic growth through exploration, and expanding via acquisitions.
For more information, visit the company’s website at www.silvercorpmetals.com/welcome.
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- Ecuador’s Constitutional Court unanimously upheld the environmental license for the El Domo mining project.
- The Court confirmed the consultation process met international standards and the project has strong community backing (98% support).
- The El Domo Project is expected to deliver significant socio-economic benefits to the Las Naves community.
- The ruling clears the path for continued project advancement
Silvercorp Metals (NYSE American/TSX: SVM), a Canadian mining company producing silver, gold, lead, and zinc, has seen the legal challenge over its El Domo mining project in Ecuador come to an end. The country’s Constitutional Court unanimously dismissed a final challenge to the project’s environmental license, concluding a year-long judicial process that progressed through multiple levels of the Ecuadorian court system (https://nnw.fm/HvG3z ).
The ruling confirms the validity of the environmental license issued by the Ministry of Environment, Water, and Ecological Transition (“MAATE”) and affirms that the environmental consultation process complied with both Ecuadorian law and the standards of the Regional Agreement on Access to Information, Public Participation and Justice in Environmental Matters in Latin America and the Caribbean, known as the Escazú Agreement.
With 98% of residents within the project’s area of influence supporting the initiative, the project has broad community backing. The El Domo project, currently under construction, is anticipated to deliver long-term socio-economic benefits to Las Naves, as well as Ecuador as a whole, including job creation, a new source of tax revenue and local development opportunities.
The legal challenge began on June 5, 2024, when a group filed a constitutional protection action against MAATE, arguing that the environmental consultation process was inadequate. On July 24, 2024, the local court in Las Naves dismissed the action, ruling that MAATE had followed proper procedures. This decision was upheld by the provincial court on November 12, 2024.
The plaintiffs then turned to the Constitutional Court with an Extraordinary Protection Action in December 2024, which was rejected in February 2025 for failing to meet constitutional criteria. A subsequent motion for clarification was denied on July 24, 2025, closing the case.
As the first mining operation in Ecuador to undergo an environmental consultation aligned with Escazú Agreement standards, El Domo is also a precedent-setting case for the sector. Once in production, targeted for late 2026, the project is expected to materially enhance the company’s financial performance, while providing geographic and metals diversification, with increased exposure to copper and gold.
The project’s development aligns with the company’s goal of creating sustainable shareholder value while fostering local economic development, supporting the company’s broader strategy of generating free cash flow from long-life mines, pursuing organic growth through exploration, and expanding via acquisitions.
For more information, visit the company’s website at www.silvercorpmetals.com/welcome.
Third-Party Content Disclaimer
The IBN website may contain third-party content articles and other content submitted by third parties, including articles submitted through the IBN Premium Partnership Program. All opinions, statements and representations expressed by such third parties are theirs alone and do not express or represent the views and opinions of IBN or its affiliates and owners. Content created by third parties is the sole responsibility of such third parties, and IBN does not endorse, guarantee or make representations concerning the accuracy and completeness of any third-party content. You acknowledge that by IBN providing you with this internet portal that makes accessible to you the ability to view third-party content through the IBN site, IBN does not undertake any obligation to you as a reader of such content or assume any liability relating to such third-party content. IBN expressly disclaims liability relating to such third-party content. IBN and its members, affiliates, successors, assigns, officers, directors, and partners assume no responsibility or liability that may arise from the third-party content, including, but not limited to, responsibility or liability for claims for defamation, libel, slander, infringement, invasion of privacy and publicity rights, fraud, or misrepresentation, or an private right of action under the federal securities laws of the United States or common law. Notwithstanding the foregoing, IBN reserves the right to remove third-party content at any time in its sole discretion. By viewing this third-party content, you acknowledge that you have viewed, read fully, accepted and agreed to all terms of the Disclaimer at https://IBN.fm/Disclaimer.
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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