LUNDIN HAS DONE 2 SITE VISITS TO TM NOW LUNDIN is buying Copper producers ... Good news for TM
Lundin Mining to Acquire Josemaria Resources, Meaningfully Increasing Copper and Gold Growth Profile
December 20, 2021
TORONTO, Dec. 20, 2021 /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation(“Lundin Mining” or the “Company”) is pleased to announce it has entered into a definitive agreement (the “Arrangement Agreement”) with Josemaria Resources Inc. (“Josemaria Resources”) to acquire all of the issued and outstanding shares of Josemaria Resources through a plan of arrangement (the “Transaction”) for an implied equity value of approximately C$625 million (US$485 million).
Lundin Mining will acquire 100% of the Josemaria copper-gold project located in the San Juan Province of Argentina (the “Josemaria project”, “Josemaria” or the “project”). The world-class Josemaria project is a unique opportunity at an advanced stage with a clear path to production. With Josemaria, Lundin Mining positions itself as a major copper producer with a diversified portfolio of high-quality, long-life base metal assets.