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Cerro de Pasco Resources is to acquire the Santander underground zinc mine and 2,000 tonnes per day mill in Peru from Trevali Mining in a cash and stock deal.
Trevali Mining's Santander operation in Peru
Cerro de Pasco will pay C$1 million in cash, 10 million shares and a 1% net smelter royalty on all new deposits beyond resources currently defined at the Magistral and Santander Pipe deposits.
Cerro De Pasco tips Santander zinc mine in Peru to produce 46.07 million-58.26 million ZnEq in 2022
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