Silvercorp Metals (TSX: SVM) (NYSE American: SVM) announced that Ecuador’s Constitutional Court unanimously rejected a final legal challenge against the environmental license for the El Domo mining project, confirming its validity. El Domo, now under construction, is the first mining project in Ecuador to complete an environmental consultation aligned with the Escazú Agreement’s standards. The license was backed by 98% of the local population and has been upheld by multiple judicial levels, including the Constitutional Court. Despite continued obstruction efforts by anti-mining groups, project development remains on track.
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About Silvercorp
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG.
NOTE TO INVESTORS: The latest news and updates relating to SVM are available in the company’s newsroom at https://ibn.fm/SVM
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