Silvercorp raises El Domo Project budget to $298.2M, delays production to Nov 2027 due to fuel costs and heavy rain.

Silvercorp Metals updated the El Domo Project construction budget to $298.2 million, up $14.6 million from February 2026, mainly due to increased diesel prices and additional water management work caused by heavy rainfall. The project completion is delayed by four months, now expected to start production by November 1, 2027. Despite some cost savings in other areas, challenges like power supply upgrades and construction delays have impacted the timeline and budget. This update reflects the company's ongoing efforts to manage rising costs and environmental factors affecting the project.

As of Nov 04, 2026 05:21 WIB, Silvercorp Metals Inc. shares trade at USD 8.03 on Pluang, down 1.59% for the day. The company has a market cap of $1.81 billion and an enterprise value of $1.54 billion. Despite the project delays and increased budget, the stock remains actively traded with a volume of 2,907,307 shares and a dividend yield of 0.31%.