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

The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.

The restart marked exactly a century since the mine first went into production.

The company has signed an additional LOI with Export Development Canada worth $300 million.

The company can now move forward the construction and operation of the underground mine, which is expected to deliver 164,000 oz. of gold production annually.