NetworkNewsBreaks – Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) Updates El Domo Project Construction Budget to $284 Million
This article has been disseminated on behalf of Silvercorp Metals and may include paid advertising.
Silvercorp Metals (TSX: SVM) (NYSE American: SVM) announced an updated construction budget and schedule for its El Domo Project, revising total estimated capital costs to $284 million, up $44 million from the $240 million estimate dated March 31, 2025. The increase primarily reflects higher VAT rates in Ecuador, expanded and refined process plant scope, added infrastructure and owner-related costs, and previously omitted engineering, supervision, and environmental items, partially offset by lower mining and stripping costs, project-level savings, and a reduced contingency allowance. The company said the higher VAT is expected to be recovered as a tax credit in the first year of operations once concentrate exports begin, while the reduced contingency reflects more detailed engineering and improved cost certainty as construction advances.
NOTE TO INVESTORS: The latest news and updates relating to SVM are available in the company’s newsroom at https://ibn.fm/SVM
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
This article has been disseminated on behalf of Silvercorp Metals and may include paid advertising.
Silvercorp Metals (TSX: SVM) (NYSE American: SVM) announced an updated construction budget and schedule for its El Domo Project, revising total estimated capital costs to $284 million, up $44 million from the $240 million estimate dated March 31, 2025. The increase primarily reflects higher VAT rates in Ecuador, expanded and refined process plant scope, added infrastructure and owner-related costs, and previously omitted engineering, supervision, and environmental items, partially offset by lower mining and stripping costs, project-level savings, and a reduced contingency allowance. The company said the higher VAT is expected to be recovered as a tax credit in the first year of operations once concentrate exports begin, while the reduced contingency reflects more detailed engineering and improved cost certainty as construction advances.
NOTE TO INVESTORS: The latest news and updates relating to SVM are available in the company’s newsroom at https://ibn.fm/SVM
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
