The project in central Mexico’s Zacatecas state has an after-tax net present value of C$1.09 billion at an 8% discount rate with an after-tax internal rate of return of 14%.
Close to 2,500 workers joined Minera Panamá’s special voluntary retirement scheme following the order received by parent company First Quantum Minerals to end mining operations at the Cobre Panamá copper mine.
Ongoing blockades have prevented the miner from receiving the supplies necessary to fulfill Cobre Panamá’s environmental stability and asset integrity measures.