Welcome to our dedicated page for Salazar Res news (Ticker: SRLZF), a resource for investors and traders seeking the latest updates and insights on Salazar Res stock.
Salazar Resources Limited (SRLZF) is a mineral exploration leader focused on discovering copper and gold deposits in Ecuador's emerging mining sector. This page provides investors and industry observers with centralized access to the company's official announcements, strategic developments, and operational milestones.
Track critical updates including project exploration results, joint venture progress with partners like Silvercorp, and sustainability initiatives through The Salazar Foundation. Our news collection serves as a strategic resource for understanding the company's position in Ecuador's copper-gold exploration landscape.
Key content categories include quarterly financial disclosures, resource estimate updates, partnership announcements, and community engagement reports. All materials are sourced from verified corporate communications to ensure regulatory compliance and factual accuracy.
Bookmark this page for real-time access to SRLZF's evolving project portfolio and operational developments. Regularly updated to reflect the company's progress in advancing high-potential assets like the Curipamba and Pijili projects.
Salazar Resources (SRLZF) provides an update on the El Domo mine construction project, a joint venture with Silvercorp Metals (75% interest) where Salazar holds a 25% carried interest. The project targets production start by end of 2026 with an estimated cost of $240.4 million, slightly lower than the 2021 feasibility study estimate of $247.6 million.
The construction plan includes five key bid packages covering site preparation, open pit mining, processing plant construction, power line installation, and diesel generators. Major milestones include: stripping commencement in August 2025, processing plant construction starting September 2025, and commissioning in December 2026.
The project's direct costs have been reduced by $32.6 million to $159.4 million through unit cost contracting and detailed engineering. Once commercial production begins, Silvercorp will receive 95% of dividends until investment recovery, after which profits will be shared 75%/25% with Salazar.
Silvercorp Metals (TSX/NYSE: SVM) has reported significant progress on its El Domo Project development, targeting production start in the second half of 2026. Following the acquisition of Adventus Mining in July 2024, the company has streamlined operations, maintained community engagement, and advanced detailed engineering work.
Key developments include optimizing the tailing storage facilities design, selecting a new process plant site, improving open pit mine design, and commencing metallurgical test work. The company has also executed a powerline contract and divided the construction into three bid packages.
Notably, Silvercorp has awarded Bid Package 1 to CRCC 14 Bureau Group CO., , an experienced contractor with over ten years of operations in Ecuador. This package includes construction of temporary camp, tailing storage facilities, and other critical infrastructure. The company plans to award Bid Packages 2 and 3 in Q1 2025.
Salazar Resources (SRLZF) has executed a binding Letter Agreement to purchase exploration assets in Ecuador from Silvercorp Metals. Under the agreement, Silvercorp will transfer shares of two Ecuadorian subsidiaries holding mineral exploration properties to Salazar in exchange for net smelter return (NSR) royalties of 1.5% on each property.
The properties include the Santiago Project, Pijilí Project, Tarqui Project, and La Canela Project. Each NSR comes with repurchase options: $3 million for Santiago and $1 million for 1% NSR on each of the other projects. Salazar will increase its ownership from 20% to 100% in both Santiago and Pijili. The transaction is expected to close in Q1 2025.
Silvercorp Metals announces two significant developments for the El Domo project in Ecuador. First, the Provincial Court of Bolivar dismissed an appeal against the project's environmental license, affirming Curimining's rights to continue construction. Second, the company repaid the US$13.25 million early deposit previously drawn from Wheaton Precious Metals under their precious metals purchase agreement (PMPA). This repayment ensures the full $175.5 million PMPA contribution remains available for construction, subject to conditions.
Silvercorp Metals Inc. (TSX/NYSE American: SVM) has initiated construction of the El Domo copper-gold project in Ecuador, aiming for production in 2026. The company has hired Jaymes Dircks as General Manager of Curimining to lead the project. Silvercorp is focusing on several priority areas, including:
- Metallurgical testing to improve metal recoveries
- Advancing power supply and infrastructure
- Completing Detailed Engineering Design
- Selecting suitable vendors for construction and equipment
The company plans to conduct further metallurgical testing, potentially improving project economics by optimizing the flotation process for higher gold and silver recoveries in copper concentrate.
Silvercorp Metals and Salazar Resources have announced that the El Domo-Curipamba Project in Ecuador has received the Resolution of Change of Phase from the Ministry of Energy and Mines. This approval advances the project from the Economic Evaluation Phase to the Exploitation Phase, allowing for the start of construction and subsequent mine operation. This resolution is equivalent to the Exploitation Agreement for large-scale mines in Ecuador.
Dr. Rui Feng, Chairman and CEO of Silvercorp, stated that this is the final major approval required for full stage construction to begin. Fredy E. Salazar, President and CEO of Salazar, expressed gratitude to the team for achieving this milestone and anticipates El Domo becoming the next major industrial mine in Ecuador.
Salazar Resources (TSXV: SRL) (OTCQB: SRLZF) has announced a new partnership with Silvercorp Metals Inc. at the Curipamba project, following Silvercorp's acquisition of Adventus Mining. This collaboration aims to enhance exploration, development, and operational efficiencies in Ecuador's mining sector, particularly focusing on the El Domo deposit and other joint venture properties.
The partnership is expected to leverage Salazar's innovative approach and Silvercorp's extensive experience to create significant value for shareholders. Both companies' CEOs expressed enthusiasm about the collaboration, highlighting the potential for expanded opportunities and synergies across various projects. The partnership will emphasize optimizing resource development, enhancing operational efficiency, and maintaining high standards of environmental stewardship.
Salazar Resources (TSXV: SRL, OTCQB: SRLZF, FSE: CCG) has announced a change in its Board of Directors. Ms. Jennifer Wu has rejoined the company's board, replacing Ms. Mary Gilzean who has resigned. Ms. Wu brings 25 years of experience in the financial industry, most recently as an executive at Citigroup focusing on Enterprise Risk Management and global climate risk management. She previously specialized in metals & mining strategic investments by Chinese entities at Scarsdale Equities. Ms. Wu holds an MBA from Wake Forest University and the CFA and SCR designations. The Board has expressed gratitude to Ms. Gilzean for her contributions during her tenure.
Salazar Resources (TSXV: SRL) (OTCQB: SRLZF) has announced a favorable court ruling regarding the environmental license for the El Domo - Curipamba Project in Ecuador. The constitutional protective action filed against the Ministry of Environment, Water, and Ecological Transition of Ecuador (MATTE) on June 5, 2024, was rejected by the Court on July 24, 2024.
The Court concluded that the consultative process followed by MATTE in issuing the permits complied with legal requirements. Although the plaintiffs intend to appeal, construction on the project can continue as no precautionary measures were sought or granted. Salazar Resources owns 25% of the project, while Adventus Mining owns 75% and is the operator.
Salazar Resources has granted stock options to its directors and officers. These options allow the purchase of up to 4,950,000 common shares at a price of $0.105 per share. The stock options have a five-year term. This move aims to incentivize the company's leadership and align their interests with shareholders.
