# Salazar Resources Salazar Resources is an Asset Manager based in Vancouver, Canada. ## Overview - **Organization type:** Asset Manager - **Headquarters:** Vancouver, Canada - **Region:** North America - **Address:** Vancouver, BC, Canada - **Founded:** 2009 - **Assets under management:** Undisclosed - **Website:** salazarresources.com - **LinkedIn:** https://www.linkedin.com/company/salazar-resources-ltd ## Regulatory record - **Reports private funds:** No ## About Salazar Resources launched in 2009 under geologist Fredy Salazar, whose family has operated in Ecuador's mining sector for three generations. The company went public on the TSX Venture Exchange, giving institutional investors a regulated pathway into an under-explored Andean copper-gold belt. Salazar himself served as Ecuador's Vice Minister of Mines from 2018 to 2019, a tenure that sharpened the firm's regulatory fluency and reinforced its position as the preferred local partner for foreign juniors and majors entering the country. The firm's core asset is the Curipamba copper-gold VMS project, advanced through a 50/50 joint venture with Adventus Mining Corporation, a TSX-listed company backed by the Lundin Group. Adventus committed US$25 million to earn its stake, funding the feasibility study that outlined a 10-year open-pit mine producing copper, gold, silver, and zinc concentrates. Beyond Curipamba, Salazar holds the Pijilí, Santiago, and Rumiñahui properties — porphyry copper targets in the same metallogenic belt as the giant Cascabel discovery. The exploration strategy is drill-heavy and self-funded in early stages, then derisked through option agreements with partners who carry costs to production decisions. Salazar Resources operates from a head office in Vancouver with a second corporate office in Quito, where field teams manage community agreements and drill programs. The company remains small in headcount, with fewer than 20 employees and technical contractors, but its equity story is structural rather than promotional — it offers exposure to Ecuadorian copper without the single-asset risk typical of junior explorers. In September 2022, Adventus and Salazar published the El Domo feasibility study at Curipamba, confirming a post-tax net present value of US$259 million (per Adventus Mining press release, September 2022). The structural differentiator is the firm's dual identity as both a publicly traded vehicle and a quasi-government gatekeeper. Salazar's founder-level relationships inside Ecuador's mining ministry mean the company negotiates exploration concessions and community accords with an authority that outside entrants lack. That hybrid posture — part junior explorer betting its own balance sheet, part country-access broker for the Lundin ecosystem — is rare in the junior mining sector. ## Sectors - Energy Transition & Renewables - Infrastructure ## Offices - Quito, Ecuador ## People - Fredy Salazar — President, CEO & Director - Pablo Acosta — Chief Financial Officer - Kieran Downes — VP Exploration ## Questions ### Who runs investment and exploration decisions at Salazar Resources? Fredy Salazar, the founder, President, and CEO, sets the exploration strategy and negotiates joint-venture terms. He is a geologist by training and a third-generation Ecuadorian miner. Kieran Downes, VP Exploration, leads the technical team identifying drill targets across the Curipamba, Pijilí, Santiago, and Rumiñahui properties. ### How does Salazar Resources source proprietary geological targets? The firm draws on decades of family-held geological data and community relationships in Ecuador's Andean copper belt — an archive that predates the company's 2009 incorporation. This allows Salazar to stake ground before districts attract competitive bidding. The country's limited historical exploration means ground first mapped by Salazar teams is often genuinely greenfield. ### What is the ownership structure of the Curipamba project? Curipamba is held 50/50 with Adventus Mining Corporation under a joint venture agreement. Adventus earned its stake by funding US$25 million in exploration and development expenditures through to the feasibility stage. The partnership provides Salazar with carried exposure to a fully permitted, construction-ready copper-gold asset without diluting its own shareholders. ### Does Salazar Resources invest in assets beyond Ecuador? No. The company's entire portfolio — Curipamba, Pijilí, Santiago, and Rumiñahui — is concentrated in Ecuador. This geographic focus reflects Fredy Salazar's thesis that Ecuador remains one of the last underexplored segments of the Andean copper belt, and that country-specific political and community capital is the firm's core competitive advantage. ### What commodities does the firm explicitly avoid? Salazar Resources focuses exclusively on copper and gold, with silver and zinc as secondary credits within polymetallic systems like Curipamba. The firm does not explore for coal, iron ore, lithium, or other battery metals, and has no intention of diversifying away from copper-gold porphyry and VMS systems in Ecuador. ## Related profiles - [Pyxis Tankers](https://altss.com/profile/pyxis-tankers-inc) - [BioScience Health Innovations](https://altss.com/profile/bioscience-health-innovations-inc) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/salazar-resources-ltd Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology