Zijin Mining acquires La Arena gold-copper project in Peru

Jinteng (Singapore) Mining Pte.Asian Metal Copyright5 tonnes of gold.Asian Metal Copyright Ltd.Asian Metal Copyright, an overseas wholly-owned subsidiary of Zijin Mining Group, proposed to acquire 100% interest of the La Arena Gold Mine and La Arena II copper-gold project in Peru indirectly owned by Pan American Silver Corp.Asian Metal Copyright, an overseas wholly-owned subsidiary of Zijin Mining Group, proposed to acquire 100% interest of the La Arena Gold Mine and La Arena II copper-gold project in Peru indirectly owned by Pan American Silver Corp.Asian Metal Copyright79 million tonnes of copper and 196.Asian Metal Copyright for a cash consideration of USD245 million, plus a USD50 million contingent payment and a 1.Asian Metal Copyright The La Arena project consists of the La Arena I mine, which is a heap leach gold mine currently in production,and the La Arena II project, a porphyry copper and gold project in the exploration stage, with mineral resources containing approximately 2.Asian Metal Copyright5% NSR payable on commercial production from La Arena II.Asian Metal Copyright5 tonnes of gold.Asian Metal Copyright In addition, Pan American will have the right to offtake a portion of the copper concentrate supply from the La Arena II project on commercial terms.Asian Metal Copyright The La Arena project consists of the La Arena I mine, which is a heap leach gold mine currently in production,and the La Arena II project, a porphyry copper and gold project in the exploration stage, with mineral resources containing approximately 2.Asian Metal Copyright The transaction has received approvals from relevant Chinese and Canadian governmental authorities.

The La Arena project consists of the La Arena I mine, which is a heap leach gold mine currently in production, and the La Arena II project, a porphyry copper and gold project in the exploration stage, with mineral resources containing approximately 2.79 million tonnes of copper and 196.Asian Metal Copyright The La Arena project consists of the La Arena I mine, which is a heap leach gold mine currently in production,and the La Arena II project, a porphyry copper and gold project in the exploration stage, with mineral resources containing approximately 2.Asian Metal Copyright5 tonnes of gold.

According to the company, the La Arena II project would adopt open-pit mining and flotation processing. Based on a design with an annual mining and processing scale of 33 million tonnes, a construction period of 3 years and a production period of 19 years, it is expected to produce around 100,000 tonnes of copper and approximately 3.Asian Metal Copyright .Asian Metal Copyright8 tonnes of gold annually when fully operational.

.Asian Metal Copyright According to the company, the La Arena II project would adopt open-pit mining and flotation processingAsian Metal Copyright