Capstone Copper agrees to sell Cozamin mine to Luca Mining for up to USD 385 million

Bitget2026/09/21 10:00

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Capstone Copper agreed to sell its Cozamin copper-silver-zinc-lead mine in Zacatecas, Mexico, to Luca Mining for up to USD 385 million.
Consideration includes USD 275 million upfront cash, USD 35 million deferred cash at the first anniversary, up to USD 60 million copper-price-linked cash.
Capstone will also receive USD 15 million in Luca shares at closing, retaining exposure to Cozamin’s exploration upside.
Closing is expected in Q4 2026, subject to customary conditions and regulatory approvals, including Mexican antitrust clearance.
Proceeds are expected to bolster the balance sheet, supporting capital redeployment into growth projects in Chile and the US.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Capstone Copper Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260920044608) on September 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Capstone Copper agrees to sell Cozamin mine to Luca Mining for up to USD 385 million

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