Lundin Mining Completes Additional Stake Acquisition in Caserones and Los Helados from JX Advanced Metals
April 7, 2026
Lundin Mining has completed its previously announced acquisition of an additional 5% equity interest in SCM Minera Lumina Copper Chile (the owner of the Caserones copper-molybdenum mine) and a 30.9% interest in the Los Helados Project. The deal also includes a 0.62% net smelter return royalty on Los Helados for total consideration of US$215 million funded from cash on hand.
- Buyers
- Lundin Mining Corporation
- Targets
- SCM Minera Lumina Copper Chile (Caserones copper-molybdenum mine), Los Helados Project
- Sellers
- JX Advanced Metals Corporation
- Industry
- Industrial Services
- Location
- Chile
- Transaction Type
- Buyout
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