Luca Mining has agreed to acquire the El Barqueño gold-silver-copper project from Agnico Eagle for up to US$60 million. The deal involves cash, shares, and contingent payments, enhancing Luca's presence in the Mexican mining sector. This acquisition is expected to close in the fourth quarter of 2026, pending regulatory approvals. The project represents a significant addition to Luca's asset base amidst a wave of mining M&A activity in Latin America.
Company Information
Company
Luca Mining
Location
Vancouver, British Columbia, Canada
About
Luca Mining Corp. (“Luca” (TSX-V: LUCA | OTCQX: LUCMF | FSE: Z68) and EnviroGold Global Limited (CSE:NVRO | OTCQB:ESGLF | FSE:YGK) (“EnviroGold Global”), a clean technology company accelerating the world’s transition to a circular-resource economy, are pleased to announce the signing of a Memorandum of Understanding (“ MOU”), dated 1st August 2023, to process the tailings at Luca’s 100% owned Campo Morado Mine in Guerrero State, Mexico (the “Project”). The scope of the initial project is to evaluate the reprocessing of the historical Campo Morado (“Campo”)tailings that are currently being stored in Campo’s original tailings storage facility. These tailings contain approximately 3,290,622 tonnes @ 1.32% Zn, 0.3%Cu, 0.49%Pb, 1.57g/t Au, and 94 g/t Ag (based on Luca’s internal company estimate from historical production records). EnviroGold and Luca will work together
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Frequently asked
Who acquired Agnico Eagle Mines Limited?
Agnico Eagle Mines Limited was acquired by Luca Mining, based in Vancouver. The deal was reported on September 18, 2026. Luca Mining Corp. Luca Mining is privately held and operates in Other.
When did Luca Mining acquire Agnico Eagle Mines Limited?
Luca Mining's acquisition of Agnico Eagle Mines Limited was reported on September 18, 2026. Luca Mining has agreed to acquire the El Barqueño gold-silver-copper project from Agnico Eagle for up to US$60 million. The deal involves cash, shares, and contingent payments, enhancing Luca's presence in the Mexican mining sector. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Agnico Eagle Mines Limited do?
Agnico Eagle Mines Limited is a Canadian-based gold producer with operations in Canada, Finland, and Mexico. The company has a strong production profile, a solid financial position, and a track record of creating value for stakeholders. It is publicly traded (AEM), operating in Mining, and is based in Toronto.
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