# Silvercorp Metals to acquire Adventus Mining for C$200M

Silvercorp Metals announced its intention to acquire Adventus Mining Corporation by way of an arrangement valued at C$200 million. The transaction is expected to close in summer 2024 and will give Silvercorp a 75% stake in the El Domo-Curipamba project in Ecuador, with Salazar Resources retaining 25%.

- Type: Acquisition
- Announced: 2024-04-26
- Where: Ecuador, Ecuador
- Value: $146.0M (200.0M CAD)
- Status: announced
- Products: copper, gold, silver, zinc
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Adventus Mining](https://endata.com/companies/60104.md) (target)
- [Salazar Resources](https://endata.com/companies/60105.md) (partner)
- [Silvercorp Metals](https://endata.com/companies/66604.md) (acquirer)

## Sources

- [salazarresources.com](https://www.salazarresources.com/investors/regulatory-news/salazar-resources-congratulates-silvercorp-on-its-proposed-acquisition-of-adventus/), 2024-04-26: "We would warmly welcome Silvercorp as our new joint venture partner for El Domo in this new chapter."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.