Sunday, October 26, 2025

Silvercorp Initiates Construction On El Domo Copper Mine In Ecuador

With the completion of the acquisition of Adventus Mining, and the recent receipt of regulatory approvals, Silvercorp Metals (TSX: SVM) this morning announced that it has begun the process for construction at the El Domo copper-gold project in Ecuador.

In connection with the decision, the company has hired the former manager of B2Gold Nunavut, Jaymes Dircks, as the general manager of the Ecuadorian subsidiary that holds El Domo, whom will lead the construction of the project. A mining engineer has also been hired that has experience in constructing large scale open pittable copper mines.

A feasibility study completed in 2021 by Adventus Mining outlined a ten year mine life for the El Domo project, based on an open pit design. The study outlined average annual production of 21,390 tonnes per annum of copper equivalent, resulting in a net present value of US$259 million, based on copper price of US$3.31 per pound, and a gold price of US$1,630 an ounce.

Going forward, Silvercorp has indicated that it intends to conduct further metallurgical test work to improve flow recoveries following a review of metallurgical studies conducted to date for the project, with the company operating under the belief it can improve recovery rates. Silvercorp also intends to focus on advancing a power supply for the mine, completing detailed engineering work, and reviewing and selecting vendors for the construction of the project.

Silvercorp Metals last traded at $5.30 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

P2 Gold: The Multi BILLION Gabbs PEA

A Gold District Hidden In Plain Sight!? | Michael Bennett – Altamira Gold

200 Grams of Gold And 21% Copper — That’s Not Normal | Matt Wilson – Sterling Metals

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Adventus, Salazar Intersect 4.35% Copper Equivalent Over 67.0 Metres At El Domo Deposit

Adventus Mining Corporation (TSXV: ADZN) and Salazar Resources Limited (TSXV: SRL) announced this morning the...

Tuesday, June 1, 2021, 08:36:02 AM

Silvercorp Produces 1.8 Million Silver Ounces In Fiscal Q3 2022

Silvercorp Metals Inc. (TSX: SVM) announced on Thursday the company’s operational results for its fiscal...

Friday, January 14, 2022, 11:36:00 AM

Adventus Mining Receives 98% Approval From Locals For El Domo – Curipamba Project, Clearing Path For Environmental Permit

Adventus Mining (TSXV: ADZN) is inching closer to the construction phase of its El Domo...

Wednesday, December 27, 2023, 09:20:07 AM

Adventus Mining Granted Environmental License For El-Domo Copper Gold Project

Adventus Mining (TSXV: ADZN) has officially seen an environmental license issued for its flagship El...

Monday, January 22, 2024, 08:16:50 AM

Gran Colombia Walks From Proposed Latin America Asset Roll Up

Gran Colombia Gold (TSX: GCM) this morning walked from its attempted acquisition of both Gold...

Monday, May 25, 2020, 08:47:10 AM