Announced
Synopsis
Silvercorp Metals, a mining company producing silver, gold, lead, and zinc, agreed to acquire Adventus Mining, a copper-gold exploration and development company, for $145m. "This transaction will create a new globally diversified green metals producer. It presents the opportunity for us to leverage our technical expertise and strong balance sheet to unlock value for all shareholders by constructing the El Domo project. We look forward to working with the Government of Ecuador and local communities, as well as leveraging the existing Adventus and Curimining teams, to grow our business in Ecuador which will generate sustainable economic, social, and environmental value for all stakeholders. We would also like to acknowledge the hard work and contributions to the El Domo project by our future partners at Salazar Resources. Silvercorp will continue to work collaboratively with Salazar as El Domo is advanced into construction and ultimately operations," Rui Feng, Silvercorp Chairman and CEO.
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