https://www.miningweekly.com

Orion to sell A$593m Capstone stake

8th April 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Three Orion funds are set to divest an 8.3% stake in Capstone Copper through a secondary offering, with an anticipated value of A$592.8-million.

The deal involves a strategic block trade agreement with Macquarie Capital, Canaccord Genuity, and RBC Capital Markets. The agreement will see the sale of 62.4-million CHESS depositary interests (CDIs) over common shares of Capstone at a price of A$9.50 per CDI.

The secondary offering is scheduled to conclude on April 9.

Capstone Copper is an Americas-focused copper mining company headquartered in Vancouver. It owns and operates the Pinto Valley copper mine in Arizona, the Cozamin copper/silver mine located in Mexico, the Mantos Blancos copper/silver mine located in Chile, and 70% of the Mantoverde copper/gold mine, located in the Atacama region, Chile.

 

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION