Heavy rains delay El Domo mine start by four months; budget raised to $298.2M

Silvercorp Metals announced a four-month delay to the start of production at its El Domo mine in Ecuador due to heavy rains, alongside a budget increase to $298.2 million. The delay signals project execution risk in a region prone to weather disruptions, potentially affecting supply timelines for the metals market. Once operational, El Domo will be Ecuador's third active industrial mine, underscoring the country's growing mining sector.

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