Heliostar reported that the Ana Paula feasibility study is 34% complete and remains scheduled for Q2 2027. An updated resource estimate and metallurgical work are nearing completion, with permitting advancing without material delays. The company targets a mid-2027 construction decision and first gold production before year-end 2028.
Luca Mining agreed to acquire the Cozamin underground copper-silver mine from Capstone Copper for US$290 million upfront and up to US$95 million in deferred and contingent consideration. The acquisition is expected to more than double Luca’s 2027 production and significantly increase its copper exposure, revenue and operating cash flow.
Capstone Copper agreed to sell its Cozamin mine in Zacatecas to Luca Mining for up to US$385 million: US$275 million cash at closing, US$15 million in Luca shares, US$35 million deferred and up to US$60 million contingent on copper prices. The transaction will strengthen Capstone’s balance sheet.
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