Ecuador’s govt indications expense agreement for El Domo copper-gold job into legislation
Marcia Clark
2 min read
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(Kitco News) – Adventus Mining (TSXV: ADZN) and Salazar Means (TSXV: SRL) introduced right now that the Govt of Ecuador has signed the investment deal in assist of the enhancement of the El Domo copper-gold mining undertaking.

In its press release, Adventus mentioned that the expenditure agreement (IC) was originally claimed on November 10, 2022 as getting accepted for signing by the Governing administration of Ecuador via its expense institution, Expenditure Marketing and Attraction Strategic Committee.

Considering that then, more bespoke changes pertinent to El Domo development and potential operations had been authorised, such as protecting arbitration and dispute resolution language accredited by the auditor normal, it included.

President and CEO of Adventus Mining Christian Kargl-Simard commented, “As this is the third important creation connected IC in between the Government of Ecuador and the metals and mining field, just after Lundin Gold’s Fruta del Norte and EcuaCorriente’s Mirador mines, this is a significant move ahead for El Domo.

“The IC presents our stakeholders more certainty for progress and was a important situations precedent to be able to attract our US$235.5M in undertaking funding facilities. With the IC concluded, we go on to function with Authorities Ministries and expect to announce added allow approvals and El Domo relevant contracts with the Authorities of Ecuador more than the next months.”

Adventus Mining is an Ecuador-focused copper-gold exploration and growth firm. Between other tasks, Adventus Mining is the vast majority owner of the 215 sq. km Curipamba copper-gold task, which has a finished feasibility analyze on the shallow and high-quality El Domo deposit.

Adventus observed that El Domo – Curipamba is a single of the best quality and lowest capital depth copper-gold jobs not just in the Americas, but globally, incorporating that with a in-depth feasibility examine finished to top rated worldwide benchmarks, and powerful community and governing administration assist, El Domo – Curipamba is anticipated to be the up coming modern day mine in Ecuador.

The mine is prepared to begin in 2024, with average yearly manufacturing of 10,463 tpa copper and 21,390 tpa copper equal more than the existence-of-mine. A 2021 feasibility analyze indicated an IRR of 32% and NPV8% of US$259 million for original open-pit enhancement only.




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