Rockbreaks Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) Updates El Domo Project Construction Budget To $284 Million

(MENAFN- Investor Brand Network) 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.

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About Silvercorp

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG.

NOTE TO INVESTORS: The latest news and updates relating to SVM are available in the company's newsroom at

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