JCHX , a China-based mining construction company, is currently a joint venture partner on the project, having acquired a 50% stake in December 2022 for $100 million in milestone-based payments. To date, Cordoba has received $80 million, with the remaining $20 million contingent on approval of the project’s environmental impact assessment.
Alacran is part of the larger San Matias property located in the municipality of Puerto Libertador, department of Córdoba. It is the most advanced deposit on the property, with a feasibility study outlining a potential 14-year mine that would produce a total of 797.2 million lb. of copper, 550,000 oz. of gold and 5.35 million oz. of silver during that span.
According to the FS published late in 2023, Alacran has an after-tax net present value (at 8% discount) of $360 million and internal rate of return of 23.8%, representing a 3-year payback. Initial capital expenditures to…
