Silvercorp’s C$200m acquisition of Adventus stalls

The proposed C$200-million acquisition of Ecuador-focused copper and gold explorer Adventus Mining by Canadian mining company Silvercorp Metals has hit a snag, the companies disclosed on Friday.

Announced in April as an all-share offer targeting TSX-V-listed Adventus Mining, the deal was poised to pivot Silvercorp, traditionally focused on China, into the South American market.