Mining & Metals
Chakana Copper Closes Its Acquisition of Barrick's Stake in the La Joya Project in Peru
Chakana Copper (PERU.V) on Monday said it closed the acquisition of Barrick Mining's (ABX.TO, B) interest in the La Joya Project in Peru.Barrick has become a shareholder of Chakana, joining Gold Fields and EMR Capital, it said. Chakana issued 4.1-million shares to Barrick, giving it an 8% stake in the company as consideration for the acquisition. Barrick will also retain a 2% net smelter royalty.The company said it is now positioned to "aggressively" follow up on the favorable results obtained during the 2024 scout drilling programs at both the Mega-Gold and La Joya HSE targets.Shares of the company were last seen up $0.005 to $0.15 on the TSX Venture Exchange.Price: $0.15, Change: $+0.01, Percent Change: +3.45%
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