Salazar Resources Limited
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Fredy Enrique Salazar
- Full Time Employees
- 225
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 1090 West Georgia Street Vancouver BC Canada V6E 3V7
- IPO Date
- Jun 9, 2003
- Website
- salazarresources.com
- Similar Companies
- Business
- Salazar Resources Limited (TSXV: SRL) is a Vancouver-based junior mineral exploration company focused on the acquisition, exploration and development of mineral properties in Ecuador. Incorporated in 1987 and headquartered at 1090 West Georgia Street, Suite 1305, Vancouver, British Columbia, Canada, the company primarily targets volcanogenic massive sulfide (VMS) deposits containing copper, zinc, lead, gold and silver; its flagship asset is a 25% carried interest in the Curipamba project through Curimining S.A., which encompasses the high-grade El Domo copper-gold deposit featuring Proven and Probable Mineral Reserves of 6.5 million tonnes grading 1.93% copper, 2.49% zinc, 2.52 grams per tonne gold and 45.7 grams per tonne silver, with a 2021 Feasibility Study outlining initial open-pit development, an after-tax NPV (8%) of US$259 million, an IRR of 32% and all-in sustaining costs of US$1.26 per pound copper equivalent. The company also holds a wholly owned portfolio of copper-gold exploration projects including Pijili (3,246 hectares), Macara (1,807 hectares), Rumiñahui, Los Osos (229 hectares), Los Santos (2,215 hectares) and El Potro; additionally, it maintains a 20% carried interest in the Santiago copper-gold porphyry project and recently acquired full ownership of the Santiago and La Canela projects from Silvercorp Metals Inc. via a December 2024 binding letter agreement finalized in July 2025, in exchange for net smelter return royalties of 1.5% on each property, subject to repurchase options. In parallel, Salazar Resources completed non-brokered private placements raising C$1.75 million in January 2025 and C$499,800 in August 2024 to fund working capital and tenure payments; shifted its fiscal year-end to March 31 in November 2024; and holds a 25% carried interest at Curipamba where partner Silvercorp Metals Inc. advances El Domo toward 2026 production with ongoing construction, metallurgical optimizations targeting higher gold and silver recoveries via sequential copper flotation, geotechnical drilling and detailed engineering. Operations center on Ecuador's underexplored Andean mineral belts, leveraging local geological expertise to de-risk deposits ahead of potential farm-outs or partnerships while generating income from advance royalties, management fees and its wholly owned drilling subsidiary.
Company News
Salazar Resources to Begin Drilling the Yumi Gold-Silver Veins at Tarqui, with Porphyry Drilling Planned at Monja, Ecuador
Salazar Resources Closes $3.5 Million Non-Brokered Private Placement
Salazar Resources Announces Non-Brokered Private Placement of Up to $3.5 Million
The Cheapest Way to Own a Copper Mine Is to Let Someone Else Build It
Salazar Provides Update on the Construction of the Mine at the El Domo Project
Salazar Reports a High-Grade Tungsten-Silver Intersection at the Pijili Project, Ecuador: 2.00 Metres Grading 1.80% W (2.27% WO3) and 740 g/t Ag
Salazar Resources Files NI 43-101 Technical Report for the Curipamba-El Domo Project
Salazar Resources Reports El Domo After-Tax NPV (8% Discount Rate) of US$573 Million, Representing a 121% Increase Compared to the October 2021 Feasibility Study
Salazar Resources Welcomes Reform Exempting Exploration from the Mining Oversight and Control Fee and Strengthening Ecuador's Competitiveness
Salazar Resources Further Defines Copper-Gold Porphyry Mineralization at Monja Project, Ecuador, with Rock Samples Up To 1.71% Cu and Strong Soil Anomalies
Salazar Resources Defines 650m x 500m Gold-Bearing Barite Horizon at El Tigre, Ecuador; Surface Sampling Returns 45m at 8.94 g/t AuEq
Rock Chips Just Hit 100 g/t Gold Next to a BHP-Drilled Copper System
Rock Chips Just Hit 100 g/t Gold Next to a BHP-Drilled Copper System
Salazar Resources Reports up to 100 g/t Gold and 1,000 g/t Silver from Rock Chip Sampling at Tarqui Concession, Ecuador
Record Quarters, Zero Relief: Copper's Gap Keeps Growing
Supply-Demand Imbalance Reshapes Copper Exploration Landscape in South America
Ownership of Santiago Copper-Gold Project Consolidated Untested Porphyry Core and 3 km × 2 km Anomalous Zone Define a High-Priority Target
Salazar Resources Identifies High-Priority Copper-Gold Porphyry Target at Its 100%-Owned Monja Project, Ecuador
Salazar Resources Consolidates Ecuador Copper-Gold Portfolio While Maintaining 25% Carried Interest in the El Domo Mine
Salazar Resources Provides Update for El Domo