Salazar Resources Limited holds a 25% carried interest in the Curipamba El Domo polymetallic project in Ecuador, with Silvercorp Metals acting as the operator and funder. While this structure mitigates financing and dilution risks for Salazar, it introduces significant operator dependence regarding project scheduling and budgeting.
Salazar Resources Limited provided a construction and resource update for the Curipamba-El Domo polymetallic project in Ecuador. The project holds proven and probable reserves of 7.13 Mt at 2.55 g/t Au, 47.82 g/t Ag, 1.93% Cu, 0.26% Pb, and 2.63% Zn, with an estimated NPV of US$573 million and a 45% IRR.
Salazar Resources provides a construction update for the El Domo project in Ecuador, reporting that the project remains on track for commissioning in July 2027. The update restates the project's mineral resources, reserves, and economic parameters from a recent NI 43-101 technical report, highlighting a 45% IRR and US$573 million NPV.
Salazar Resources' El Domo project in Ecuador has seen a 121% increase in after-tax NPV to US$573 million following an updated technical study. The update includes expanded Mineral Reserves (7.13 Mt) and Mineral Resources (11.4 Mt M&I), with significant growth in the Inferred category.
Salazar Resources reported a significant update to the El Domo project, with an independent technical report confirming an after-tax NPV of US$573 million and a 10% increase in Proven and Probable reserves. Additionally, the company confirmed a copper-gold porphyry footprint at its Monja project through surface sampling and noted a beneficial regulatory fee exemption in Ecuador.
Salazar Resources has reported compelling surface geochemistry at its Monja copper-gold porphyry project, defining a 1.5 km x 0.5 km mineralized footprint. Additionally, the company's 25% carried interest in the El Domo project saw its after-tax NPV rise to US$573 million, while new Ecuadorian regulatory reforms and a Canada-Ecuador FTA provide significant jurisdictional de-risking.
Salazar Resources reported an updated technical report for its 25% carried interest in the Curipamba–El Domo project in Ecuador, which increased the project's after-tax NPV by 121% to US$573 million. The update includes significant increases in measured and indicated mineral resources, inferred resources, and proven and probable reserves. Additionally, the company noted a favorable regulatory reform in Ecuador exempting exploration-stage projects from certain oversight fees.
Lundin Gold announced the discovery of two new copper-gold porphyry systems, Sandia Northeast and Sandia Southeast, bringing the total identified porphyries in the Fruta del Norte district to seven. Drilling at the Sandia deposit continues to expand its footprint, with significant intercepts including 551.30 m at 0.50% CuEq and 909.45 m at 0.46% CuEq. The company is targeting a maiden mineral resource estimate for the Sandia porphyry in early 2027.
Salazar Resources reports a significant upgrade to the El Domo polymetallic project in Ecuador, with the 2025 Technical Report showing a 121% increase in after-tax NPV to US$573 million and a 41% increase in IRR to 45%. Measured + Indicated resources increased by 27% to 11.4 Mt, and Proven + Probable reserves increased by 10% to 7.13 Mt, despite lower average grades. The project is fully funded, with Salazar's 25% interest carried through to commercial production, which is expected in mid-2027.
Tier One Silver has signed a Letter of Intent to acquire a 70% controlling interest in the RDC copper-molybdenum porphyry project in Ecuador for a total purchase price of US$39.4 million. The transaction includes a requirement for Tier One to fund US$64.4 million in exploration expenditures over six years. The project currently relies on a 2021 historical resource estimate that requires updating to NI 43-101 standards.
