SILVERCORP METALS INC (SVM) Form 6-K — Nov 3, 2026
Silvercorp updated the El Domo Project construction budget to $298.2 million, a $14.6 million increase over the February 2026 estimate of $283.6 million and above the original $248 million feasibility figure. Key cost drivers include Ecuador's elimination of diesel subsidies ($8.3M impact), enhanced water management infrastructure ($4.7M), processing plant increases ($3.7M), and new power supply items. Due to heavy rainfall from Super El Nino, the completion date is delayed by four months, with production now expected by November 1, 2027. The company offset $9.8 million through scope reductions including a smaller camp, eliminated water channel, and contingency cuts.
Key figures
- Savings million
- 9.8
- Production start
- November 1, 2027
- Gen set capacity mw
- 17
- Prior budget million
- 283.6
- Schedule delay months
- 4
- Updated budget million
- 298.2
- Budget increase million
- 14.6
- Remaining budget million
- 213.6
- Actual spend sept30 2026 million
- 84.6
- Diesel price increase per gallon
- 2.7
- Feasibility study budget million
- 248
- Package2 mining contract value million
- 35
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