Project Overview
The Curipamba Project is a high grade copper-gold project, located in central Ecuador approximately 150 km northeast of the major port city of Guayaquil. The Curipamba project comprises seven concessions representing approximately 21,500 ha and includes the advanced high grade copper-gold El Domo deposit.
The El Domo deposit is a gold-rich, polymetallic VMS deposit. Mineralization is largely flat-lying, stratiform and stratabound and occurs in one main massive sulphide lens, a directly overlying talus, or breccia zone, and a number of smaller, mineralized lenses primarily in the footwall of the main lens. The principal sulfide minerals are sphalerite, chalcopyrite and pyrite. Gold occurs within sphalerite, galena and barite and accessory minerals include tennantite/tetrahedrite, covellite, chalcoyanite and barite with barite being the main gangue mineral.
Conventional open pit mining with trucks, hydraulic shovels and loaders was chosen for the Project. Ore material from the pit will be loaded onto a truck by a loader and transported to either the mill, or to the ore stockpile where it will later be rehandled and sent to the mill. The pit will be mined in 5 phases over the 10-year mine life, with an additional 1.5 years of preproduction.
The concentrator operation is designed to process 666,000 tonnes per year of ore into copper, lead and zinc concentrates with precious metals premiums. The grinding circuit consists of a single stage grate discharge ball mill in closed circuit with hydrocyclones.
Adventus Mining completed a feasibility study NI 43–101 Technical Report in 2021 and completed and submitted a detailed environmental and social impact assessment (ESIA) report to the Government of Ecuador.
Stream Details
| Date of Contract |
17-Jan-22 |
| Term |
Life of Mine |
| Stream |
50% gold until 150,000 ounces, then 33% and 75% silver until 4.6 million ounces, then 50% |
| Upfront Consideration |
$175.5M |
| Per Unit Production Payment |
18% of spot until upfront deposit repaid, 22% of spot thereafter |
For more information on the Curipamba Project, please visit: www.silvercorpmetals.com/(opens in new tab)