MEDELLIN: Mineros S.A. (TSX:MSA, MINEROS:CB), a leading Latin American gold producer, has announced the successful acquisition of the remaining 80% interest in the La Pepa Project from Pan American Silver Corp. for approximately US$40 million.
With this transaction, Mineros now holds 100% ownership of the advanced-stage gold exploration asset located in Chile’s prolific Maricunga Gold Belt.
The La Pepa Project, situated at 4,200 metres above sea level in the Andes Mountains, boasts a substantial estimated Mineral Resource base. This strategic acquisition dissolves the joint venture with Pan American and grants Mineros full control over the project’s development trajectory.
“Securing 100% of the La Pepa Project is a transformative step which adds a second organic growth project in addition to our Porvenir Project in Nicaragua,” said David Londoño, President and CEO of Mineros. “This asset delivers a major gold resource and solidifies our strategic presence in the world-class mining jurisdiction of Chile.”
Mineros continues to expand its diversified portfolio across Latin America, with producing assets in Colombia and Nicaragua and a robust pipeline of exploration and development projects. The company remains committed to safety, sustainability, and shareholder value, backed by nearly five decades of operational excellence.