Lundin Mining (TSE:LUN) has released an update.
Lundin Mining has announced it will increase its stake in the Caserones copper-molybdenum mine in Chile to 70% by acquiring an additional 19% interest for $350 million. The deal, which also includes amendments to the shareholders’ agreement, will be funded through Lundin Mining’s credit facilities with plans to refinance via a term loan increase. This expansion is set to bolster Lundin Mining’s copper production and enhance its asset portfolio in the region.
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