Day: July 27, 2020

Any net proceeds not used for the tender offers will be used for general corporate purposes, which may include repurchases or redemptions of FCX’s notes.

“Con políticas de bajas tasas de interés, tasas reales negativas, política monetaria súper acomodaticia, enormes cantidades de gasto fiscal global, un dólar más débil, tensiones crecientes entre EE. UU. y China y sin un final claro a la vista para la pandemia de coronavirus, todas las partes de la ecuación están encajando.”

Freeport-McMoRan Inc. announced today the early tender results of its previously announced cash tender offers to purchase up to $1.5 billion aggregate purchase price of its 3.55% Senior Notes due 2022, 3.875% Senior Notes due 2023 and 4.55% Senior Notes due 2024.

The aggregate proceeds raised under the Offering will be used for exploration expenditures related to the Gold Chain, Arizona project; the Jefferson Canyon, Nevada project; the Tip Top Gold, Nevada project (acquired as part of the amalgamation with Territory Metals Corp.) and, for working capital and general corporate purposes.

The Company intends to use the net proceeds of the Financing for exploration and drilling at their Guigui and La Chinche Projects, as well as for general working capital purposes.

Capstone Mining Corp. announces that its Pinto Valley mine has successfully demonstrated positive economics from enhanced dump leach performance by partnering with Jetti Resources, LLC to apply their novel patented catalytic technology at Pinto Valley’s existing dump leach operation.

The Company intends to use the net proceeds of the Offering for the exploration of its San Jose Project and for general corporate and working capital purposes.