MiningNewsBreaks – 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…