Metminco sells stake in Peruvian asset

June 13, 2017

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Dual-listed Metminco has agreed to sell its 49% interest in the Los Calatos copper project, in Peru, to CD Capital Natural Resources Fund III LP for $5-million.

Metminco told shareholders on Wednesday that the sale of the Los Calatos interest was a repositioning of the company towards becoming a gold producer in the near-term, with the sale to provide funding for the ongoing development of the Miraflores gold project, in Colombia.

Category: General