Ecuador’s proven exploration company: a fully carried 25% of a copper–gold mine in construction, and 100% of the next discovery.
Who we are
Salazar Resources is an Ecuadorian exploration company, founded and run by Ecuadorian geologists whose work contributed to several of the discoveries that became this country’s mining industry. We do two things: we hold a fully carried 25% of El Domo, a copper–gold mine now in construction, and we explore a wholly owned portfolio for the next discovery — with the in-country relationships and the understanding of the geology that only a local team brings.
El Domo – Curipamba: a carried stake in a mine under construction
Salazar holds a 25% interest in Curimining S.A., the Ecuadorian company that owns the Curipamba project and its El Domo deposit, in the provinces of Bolívar and Los Ríos. Silvercorp Metals holds the remaining 75% and operates the project. Construction began in January 2025, and the first commercial concentrates are expected in mid-2027.
Our 25% is fully carried through to commercial production. Salazar contributes no development or construction financing; start-up capital is funded by Silvercorp and by the Wheaton Precious Metals stream. Salazar also receives advance royalty payments and a management fee on certain expenditures.
An independent NI 43-101 technical report prepared by SRK Consulting for Silvercorp, with an effective date of 31 December 2025, upgraded the project on every measure:
- Economics. After-tax NPV at an 8% discount rate of US$573 million — a 121% increase over the October 2021 Feasibility Study — and US$705.6 million at a 5% discount rate.
- Reserves. Proven and Probable Mineral Reserves of 7.13 Mt grading 1.93% Cu, 2.55 g/t Au, 2.63% Zn, 47.82 g/t Ag and 0.26% Pb, containing 137.7 kt copper, 584 koz gold, 187.7 kt zinc and 11.0 Moz silver — increases of 10% to 16% in contained metal over the 2021 study.
- Resources. Measured and Indicated Mineral Resources of 11.4 Mt, up 27%, with Inferred Mineral Resources of 3.8 Mt, up 245%.
- Mine life and upside. A 13-year mine life processing 666,000 tonnes per year, with approximately 8 million tonnes of additional mineralized material remaining in the Measured, Indicated and Inferred categories — the basis for extending that life.
Read the July 2026 news release · 2025 Technical Report
Our 100%-owned portfolio
Following the acquisition of Silvercorp’s Ecuadorian exploration properties, completed under a definitive agreement in July 2025, Salazar owns 100% of six projects in two of the country’s principal metallogenic belts:
- Tarqui and Quimi projects — Zamora belt, between the Mirador mine and San Carlos–Panantza. Cu–Mo porphyry targets with high-grade epithermal Au–Ag potential.
- El Tigre and Monja projects — VMS and Cu–Au porphyry targets.
- Santiago and Pijilí projects — Western Andean (Miocene) belt. Cu–Au and Cu–Mo porphyry targets, with upside in epithermal vein systems.
Recent field results: 2.00 metres grading 1.80% W and 740 g/t Ag at Pijilí, a high-grade tungsten–silver intersection in a critical-minerals system; rock samples up to 1.71% Cu with coincident soil anomalies at Monja; and a 650 m × 500 m gold-bearing barite horizon at El Tigre.
How we work
Every programme runs on the same basis: we talk with landowners and residents before we enter, we hire and buy locally where we can, and through The Salazar Foundation we support health, education and livelihood programmes in the communities where we operate. It is how an Ecuadorian company earns the right to explore in Ecuador.
Mineral Reserves are reported above a cut-off value of US$55/t, based on forecast prices of US$2,600/oz gold, US$31/oz silver, US$9,250/t copper, US$2,000/t lead and US$2,800/t zinc. Mineral Resources are inclusive of Mineral Reserves and are reported above NSR cut-off values of US$38/t (open pit) and US$100/t (underground). Figures are as of 31 December 2025 and are drawn from the NI 43-101 technical report prepared by SRK Consulting (China) Ltd. for Silvercorp Metals Inc., issued 31 May 2026. The scientific and technical information in this page has been reviewed and approved by [NOMBRE], [CREDENCIALES], a Qualified Person as defined by NI 43-101.
CSR
'As someone who was born and raised in the country and leads an Ecuadorian mining company, I know just how important it is to have proper community engagement.’ Fredy E. Salazar, CEO
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