The Company signs a contract for the acquisition of the Michiquillay copper project in Cajamarca, Peru, at a purchase price of $400 million. Michiquillay is a world-class mining project with mineralized material estimated at 1,150 million tons and a copper grade of 0.63%. It is expected to produce 225,000 tons of copper per year over an initial mine life of more than 25 years.
