Salazar Resources Ltd. reports on copper-gold exploration and mine-development interests in Ecuador. Recurring updates cover its wholly owned Monja and Santiago projects in Loja Province, including mapping, sampling, geophysics, historical drilling reviews, porphyry targets, and epithermal mineralization indicators.
The company also issues updates on the El Domo joint venture, where Silvercorp Metals holds a 75% interest and operates the project while Salazar holds a 25% carried interest. Other company developments include Ecuador mining regulation, concession costs, annual meeting results, director elections, stock option plan approvals, and other governance matters.
Copper three-month futures on the London Metal Exchange hit a record intraday high of $14,694 per tonne on September 8, 2026, as Chile reported its weakest second‑quarter output in at least 19 years and cut its full‑year forecast to a projected 2.6% production decline. Morgan Stanley now expects global copper mine supply to remain broadly flat or edge lower in 2026, which would be the first annual decline since 2017.
Salazar Resources (SRLZF) is highlighted for its 25% carried interest in the Curipamba El Domo polymetallic project in Ecuador, with Silvercorp Metals holding 75% and funding construction under a NI 43‑101 technical report effective December 31, 2025. Salazar also owns early‑stage Ecuadorian exploration properties with no mineral resources or reserves reported here. The company avoids construction‑funding dilution but is exposed to operator dependence and Ecuador‑related permitting, community and fiscal risks.
Salazar Resources (SRLZF) reported a construction update for the Curipamba-El Domo polymetallic project in Ecuador, where it holds a 25% carried interest while Silvercorp funds and operates the mine, targeting commissioning in July 2027.
Proven and probable reserves total 7.13 million tonnes with grades including 1.93% copper and 2.55 g/t gold, supporting an after-tax NPV of US$573 million at 8% and a 45% IRR over an 11.5‑year mine life. Initial capex is estimated at US$283.7 million; cumulative spend reached US$66.2 million by June 30, 2026. Construction is fully funded, supported by a US$175.5 million Wheaton Precious Metals stream, of which US$87.8 million has been received.
The article also highlights royalty peers: Franco-Nevada (FNV) with 121 cash-flowing assets, 2025 adjusted EBITDA of US$1.66 billion and no debt; Royal Gold (RGLD) with Q1 2026 revenue of US$469.1 million, up 142.5% year over year at an 83% adjusted EBITDA margin; and Triple Flag (TFPM) with a 93% asset margin, record cash flow per share and a US$440 million gold stream on Ravenswood.
Salazar Resources (SRLZF) reports construction progress and updated economics for the Curipamba‑El Domo polymetallic project in Ecuador as of mid‑2026. Salazar holds a 25% fully carried interest, while Silvercorp owns 75% and operates the project.
The mine has Proven and Probable Mineral Reserves of 7.13 Mt containing 137.7 kt Cu, 584 koz Au, 187.7 kt Zn, 18.4 kt Pb and 11.0 Moz Ag, supporting an 11.5‑year life of mine. On a 100% basis, the after‑tax NPV is US$573 million at 8% and US$705.6 million at 5%, with a 45% IRR, ~3‑year payback, initial capex of US$283.7 million and total life‑of‑mine capital of US$373.5 million. Copper and gold recoveries are improved by 5.4% and 6.2% over the 2021 study.
Cumulative capex reached US$66.2 million by June 30, 2026. Construction is fully funded, supported by a US$175.5 million stream financing, of which about US$87.8 million has been received, and commissioning remains targeted for July 2027.
Salazar Resources (OTCQB: SRLZF) reported a newly interpreted high‑grade 2.00 m interval in historical drill hole MERC-011 at the 100%-owned Pijilí Project in Ecuador, grading 1.80% W (2.27% WO3), 740 g/t Ag and 0.63% Cu within a broader porphyry Cu-Au±Mo system.
The re-analysis refines a previously reported 18.55 m zone (4.70–23.25 m) that averaged 0.99% Cu, 0.25 g/t Au, 0.03% Mo, 189.8 g/t Ag and 0.23% W, hosted in a hydrothermal breccia related to a shear/fault. Surface rock and soil sampling define a tungsten anomaly of about 600 m x 450 m in the northern Mercy concession. No follow-up drilling has yet been completed to test the continuity of this tungsten-silver enrichment, and no mineral resource has been estimated at Pijilí. The new interpretation comes from historic Adventus data, supported by documented QA/QC procedures and verification by Salazar’s Qualified Person under NI 43‑101.
Salazar Resources (OTCQB: SRLZF) has filed an independent NI 43-101 Technical Report for the Curipamba-El Domo polymetallic project in the Bolívar and Los Ríos provinces of Ecuador. The report was prepared by SRK Consulting (China) for project operator Silvercorp Metals and is effective December 31, 2025, issued May 31, 2026.
According to Salazar, the company retains a 25% carried interest in El Domo, while Silvercorp holds the remaining 75% and acts as operator. The Technical Report supports updated Mineral Resource and Mineral Reserve statements for El Domo, previously announced on July 15, 2026, and is available on Salazar's website and SEDAR+.
Salazar Resources (OTCQB: SRLZF) reported a major update to the Curipamba–El Domo project in Ecuador based on an independent NI 43-101 Technical Report effective December 31, 2025. After-tax NPV (8%) is US$573 million, a 121% increase versus the October 2021 feasibility study, with an after-tax IRR of 45%. At a 5% discount rate, NPV is US$705.6 million. Proven and Probable Reserves rose 10% to 7.13 Mt, while Measured & Indicated Resources increased 27% to 11.4 Mt and Inferred Resources 245% to 3.8 Mt, boosting contained metal across all payable metals.
The open-pit mine life is now 13 years, processing about 666,000 tonnes per year, including roughly 1.5 years of construction. Initial capital is estimated at US$283.7 million and total LOM operating costs at US$416.3 million. Construction is fully funded, with first commercial concentrate production expected in mid-2027. Salazar holds a 25% interest fully carried to commercial production, with no additional development or construction funding obligations.
Salazar Resources (OTCQB: SRLZF) reports that Ecuador’s ARCOM has issued Resolution No. ARCOM-006/26, reforming the Mining Oversight and Control Fee regime.
Exploration-stage projects are now exempt from the fee, and the prior fee will not apply for fiscal 2026, which may improve Ecuador’s competitiveness for mineral exploration investment and allow more capital for prospecting, jobs, and local communities.
Salazar Resources (OTCQB: SRLZF) reported new rock, soil, and mapping results from its 100%-owned Monja copper-gold project in Ecuador.
Highlights include rock samples up to 1.71% Cu, 0.99 g/t Au, 70% of soil samples >100 ppm Cu, dense stockwork veining, and a mineralized footprint of about 1.5 km by 0.5 km.
Salazar Resources (OTCQB: SRLZF) reported rock chip sampling and mapping results from its 100%-owned El Tigre gold project in Ecuador.
Work outlines a 650m x 500m gold-bearing, barite-rich horizon at surface, including trench-like intervals of 45m at 8.94 g/t AuEq (T2) and 50m at 2.02 g/t AuEq (T3). Mineralization remains open and a scout drilling program is being designed.
Salazar Resources (OTCQB: SRLZF) reported rock chip samples grading up to >100 g/t gold and >1,000 g/t silver from the Yumi vein system at its 100%-owned Tarqui concession in Ecuador. Historical BHP drilling outlined a 1.8 km × 1.0 km copper-molybdenum porphyry with intercepts up to 0.33% CuEq over 186 m. Nearby Quimi hosts a 1.8 km × 0.8 km copper soil anomaly up to 1,401 ppm Cu. Salazar closed acquisition of the project from Silvercorp Metals on March 18, 2026 and is planning further mapping, sampling, and drill targeting across Tarqui, Yumi, and Quimi.