Canada’s Lundin Gold is to buy Josemaria Re-sources under a contract worth some C$625 million (US$484 million), gaining access to the Josemaria copper-gold project in the San Juan Province of Argentina.
Peter Rockandel, the president and chief executive of Lundin Mining, said in a statement that the “acquisition of the Josemaria project com-plements Lundin Mining’s existing portfolio of high-quality mines and highlights our focus on disciplined copper-focused growth to create long-term shareholder value.”
“Josemaria is a world-class copper project that has many character-istics which make it the ideal project for Lundin Mining to advance in the next phase of our growth,” he said.
Under the plan, the deal is to be finalised in the second quarter of 2022, according to the statement.