08:50 AM EST, 01/14/2025 (MT Newswires) -- Silvercorp Metals ( SVM ) rose 2% at last look Tuesday in NYSE American pre-market trading after saying that it completed the construction of a tailings facility and expansion of a mill at the Ying mine in China.

The company carried out the work at the tailings storage facility No. 3 and the new 1,500-tonne-per-day flotation production line in early December, on time and under budget.

The tailings facility had a budget of US$28 million, less than the original budget of US$38 million, while the company spent US$7.2 million for the mill.

Silvercorp said both facilities are now fully operating as designed following a one-month commissioning period.

The new flotation production line will increase the mine's the milling capacity to over 1.3 million tonnes per year, which is enough to process increased mining capacity plus future production from the nearby Kuanping mine, the company said.