Drill and Deal

Deals / Luca Mining – Cozamin mine, from Capstone Copper

Copper · announced 22 September 2026 · pending

Luca Mining – Cozamin mine, from Capstone Copper

Up to $60m depends on the LME copper price in 2027 to 2029: an earn-out that bridges the price gap.

Acquirer
Luca Mining
Target
Cozamin mine, from Capstone Copper
Announced
Metal
Copper
Announced value
up to $385m
Structure
Asset sale: cash, shares, deferred and copper-price payments
Status
Pending
Main asset
Cozamin · See it on the globe