Capstone Copper Announces Investment from Orion
Capstone Copper Corp. is pleased to announce that Orion Resource Partners LP has agreed to acquire a 25% ownership interest in the Santo Domingo Project and the Sierra Norte Project for up to $360 million.
- $225 million for a 25% ownership interest, payable upon a positive final investment decision (FID) on Santo Domingo
- $75 million matching contribution payable within six months of FID
- Up to $60 million in contingent cash consideration payable to Capstone upon the achievement of certain value enhancing milestones
All amounts are in US$ unless otherwise indicated.
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Author summary: Capstone Copper gets $360M investment.