Post by
Possibleidiot01 on Mar 06, 2024 9:54am
La Lucha sale
Here's an answer to whether they made or lost money on the sale .
The commentary made in our 2021 annual report on estimated cost of our La Lucha investment was around $200m. Please note that the strategic reason for exiting Mexico is due to us deprioritizing this particular geography, as we disclosed in our investor day yesterday.
We hope that helps.
IR Team
With proceeds of about $205 million , more or less breakeven - setting a good precedent for selling projects in other geographies , they are exiting.
GLTA