Luca Mining to buy Capstone Copper’s Cozamin mine for USD 290 million upfront, plus up to USD 95 million contingent payments

By Public Technologies
  • Luca Mining to buy Capstone Copper’s Cozamin underground copper-silver mine in Zacatecas, Mexico for USD 290 million upfront.
  • Deal includes up to USD 95 million deferred and contingent payments, including copper-price linked payouts through 2029.
  • Upfront consideration: USD 275 million cash at closing, USD 15 million in Luca shares; USD 35 million deferred after one year.
  • Funding package totals USD 300 million, including USD 110 million bought-deal financing, USD 125 million senior secured facility, USD 65 million from Wheaton and Taurus.
  • Transaction expected to close in Q4 2026; Cozamin has operated for 20 years with a historical mine plan supporting production through 2030.


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