Lundin Mining to Acquire Josemaria Resources, Meaningfully Increasing Copper and Gold Growth Profile
Toronto, Dec. 20, 2021 /CNW/ - (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) is pleased to announce it has entered into a definitive agreement (the “Arrangement Agreement”) with Josemaria Resources Inc. (“Josemaria Resources”) to acquire all of the issued and outstanding shares of Josemaria Resources through a plan of arrangement (the “Transaction”) for an implied equity value of approximately C$625 million (US$485 million). Lundin Mining will acquire 100% of the Josemaria copper-gold project located in the San Juan Province of Argentina (