Exploration Agreement in PeruThis has been a long time coming, nice to see it is completed and they have the community support...
In Peru this is key, the central government has more or less instructed the miners to deal directly with the communities in order to avoid what is happening up the road from Hudbay at La Bambas.
The satellite deposit at Constancia will be deplete in three to four years so if the deposit pans out as a high grade feeder it is going to add significant value to Hudbay as there will be little capital needed to extract and process the ore...
I think it will take at least a year for them to get an understanding of what/if anything they have there.