"Adventus & Luminex announce merger to create a growth focused copper gold co in Ecuador."-PR, 21.11.23
Co "intends to lead the advancement of El Domo CURIPAMBA copper gold towards production and consolidates a large and prospective gold-copper development & exploration portfolio in Ecuador...includes the CONDOR project [PEA].
Equity investors like ALTIUS MINERALS & WHEATON PRECIOUS METALS.
El Domo -shallow high grade copper gold deposit is supported by investment contract with the Govt of Ecuador. Construction decision 1st half 2024. PEA completed in 2021 12 year operation, 187k gold per year , US$562m after tax NPV 5 and 20.3% IRR at US$1,760 oz/gold.
Interesting movement in Ecuador mining space.
DGR Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
