Domo(DOMO) Prnewswire·2025-01-07 13:00Core Viewpoint - Silvercorp Metals Inc. and its partners are making significant progress on the El Domo Project in Ecuador, targeting production in the second half of 2026, with recent contracts awarded to experienced contractors [1][7]. Project Progress - The acquisition of Adventus Mining Corporation has led to substantial advancements in the El Domo Project since July 31, 2024 [2]. - Detailed engineering and project infrastructure have been optimized, including the design of tailing storage facilities and the process plant [4][3]. - Community engagement has been maintained to keep local stakeholders informed about project developments [4]. Engineering and Design - The project has undergone a review of previous technical work, leading to optimized designs for various components, including the tailing storage facilities and open pit mine [4]. - Metallurgical test work has commenced, focusing on selective flotation to potentially enhance recoveries [4]. - Detailed engineering design for the process plant is underway, including equipment selection and purchasing [4]. Contract Awards - Bid Package 1 has been awarded to CRCC 14 Bureau Group CO., Ltd., a contractor with over ten years of experience in Ecuador [6]. - The Companies plan to award Bid Packages 2 and 3 in Q1 2025 to maintain the project schedule [7]. Project Overview - The El Domo Project is a high-grade copper-gold project located in Central Ecuador, with mineralization starting at 30 meters from the surface [9]. - The project area is accessible via three well-maintained gravel roads, enhancing logistical efficiency [9]. Company Background - Silvercorp is a Canadian mining company focused on generating free cash flow from long-life mines and pursuing organic growth through exploration and acquisitions [8]. - The company emphasizes responsible mining practices and a commitment to environmental, social, and governance (ESG) principles [8].