Mineros looks to finance acquisition in Nicaragua

Mineros looks to finance acquisition in Nicaragua

Loans Project & Infrastructure Finance M&A Colombia Nicaragua Central America

Colombian gold miner Mineros said it plans to borrow up to $25 million to fund the acquisition of the Luna Roja exploration project in Nicaragua. The Medellín-based company will take out the loans in Colombia and Nicaragua "at available rates" with backing from Mineros Aluvial, one of its divisions in Colombia, if necessary, it said in a securities filing on Wednesday. Mineros announced in December last year that its Nicaraguan subsidiary Hemco agreed to buy 50% of Luna Roja from Royal Road Mine

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