Capstone Copper Agrees to Sell Cozamin Mine in Mexico to Luca Mining for up to $385 Million
Capstone Copper has entered into an agreement to sell its Cozamin mine, located in Mexico and producing copper, silver, zinc, and lead, to Canadian mining company Luca Mining. The deal is valued at up to $385 million and aims to provide Capstone with greater financial flexibility as it transitions toward a more focused business strategy. The transaction highlights the ongoing consolidation within the metals sector, particularly in Latin America where copper demand remains strong due to global electrification trends. For Luca Mining, acquiring Cozamin represents an expansion opportunity into established production assets and could enhance its portfolio of mineral resources.
