The mining newspaper for Alaska and Canada's North

Minto sale falls through, mine to close

North of 60 Mining News – October 12, 2018

Capstone Mining Corp. Oct. 11 announced that it will be shutting down the Minto Mine due to Pembridge Resources' inability to raise the requisite funds to acquire the copper operation in the Yukon.

In February, Capstone announced plans to sell Minto to Great Britain-based Pembridge Resources for US$37.5 million in cash, plus working capital adjustments, and common shares representing 9.9 percent o...


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