09:09 AM EST, 01/07/2025 (MT Newswires) -- Silvercorp Metals ( SVM ) U.S.-listed shares slightly rose on Tuesday after the company said Ecuadorian unit Curimining, Salazar Resources and SVM were still targeting to bring the El Domo project into production in the second half of 2026.

U.S.-listed shares of SVM were last seen up US$0.05 at US$3.10 in pre-market trading.

The company said Curimining, Salazar and SVM awarded Bid Package 1 to CRCC 14 Bureau Group, a company with over ten years operating experience in Ecuador building infrastructure in open pit mines and in the heavy civil construction sectors.

The company, along with Curimining and Salazar plans to award Bid Packages 2 and 3 in the first quarter of 2025 to ensure the project stays on schedule to start production in the second half of 2026.

Shares of the company closed down $0.06 or 1%, to $4.36 on Monday on the Toronto Stock Exchange.