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UK-based Pembridge to buy Minto Mine

 

Last updated 2/23/2018 at 4:41am

Capstone Mining Corp.

A truck loaded with copper concentrates from the Minto Mine is barged across the Yukon River in transit to Skagway, Alaska.

Capstone Mining Corp. Feb. 14 announced that it is selling its Minto copper mine in the Yukon to Great Britain-based Pembridge Resources plc.

Under the terms of the definitive share purchase agreement, Capstone will receive US$37.5 million in cash, plus working capital adjustments, and common shares representing 9.9 percent of the issued and outstanding shares of Pembridge upon completion of t...



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