Metminco signs option agreement to purchase 100% of the La Piedra Cu-Au-Mo Porphyry Project in Chile

The mine was shut down in November, hours after Panama's Supreme Court declared its contract unconstitutional.

The mine was briefly forced to cease operations as the fighting intensified, according to media reports.

The stoppage could mean the release of copper raw materials to the market, which has faced unprecedented shortages this year.

Upon approvals, the parties expect to enter into a definitive agreement in the fourth quarter of 2024, Pasofino said.