First Quantum Enters LatAm Mining

First Quantum Enters LatAm Mining

Argentina Peru M&A

Canada-based copper miner First Quantum Minerals is making its first entrance into LatAm via the acquisition of peer Antares Minerals for CAD460m, the company says. Antares owns copper and gold assets in Peru and Argentina. As part of the deal, each Antares share will be exchanged for 0.07619 of each First Quantum share or a cash payment of CAD6.35 per Antares share. Also, Antares' 50% stake in the Rio Grande project in Argentina will be spun off into a new company, Regulus Resources. The new co

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial