Loading ...Canada’s Lundin Mining (TSX:LUN) has agreed to acquire a copper-gold operation in Brazil from fellow miner Yamana Gold (NYSE: AUY), (TSE: YRI) in a $1 billion-deal as it looks to beef up its base metals portfolio.
The Chapada mine, in the northwest Brazilian state of Goiás, began production in 2007 and is expected to churn out about 54,500 tonnes of copper and 100,000 ounces of gold this year.