Silvercorp Metals updated the El Domo project construction budget to $298.2 million, up $14.6 million from earlier estimates, mainly due to higher diesel prices, enhanced water management, and power supply needs. Heavy rainfall linked to Super El Nino has delayed the project completion by four months, pushing production start to November 2027. Despite some cost savings, challenges like powerline construction delays remain. The update highlights ongoing risks but confirms progress on site preparation and equipment orders.
Silvercorp Metals shares are trading at USD 8.35 on Pluang as of Nov 04, 2026 15:11 WIB, up 5.03% on the day. This price remains well below its 52-week high of USD 15.71 but above the 52-week low of USD 6.09, reflecting ongoing investor interest despite project delays and cost increases. The stock's market cap stands at $1.81 billion, with a typical hold time of 12 days and a modest dividend yield of 0.31%.
