Acquisition:
2022 / 08 / 15
Agreement:
Royalty
Terms:
Cu > $1.25/lb = 0.63% NSR;
Cu < $1.25/lb = varies
Caserones is owned and operated by Minera Lumina Copper Chile, which is indirectly owned by Lundin Mining Corporation (70%) and JX Nippon Mining & Metals Corporation (30%).
The Caserones mine has 11 years of operational history. On July 13, 2023, Lundin Mining published a Technical Report in accordance with NI 43-101 which outlined a mine life through 2037 and average annual production of approximately 110,000 tonnes of copper. For 2025, Lundin Mining expects to produce 115–125 kt of copper at Caserones.
The mine benefits from a significant historical investment of $4.2 billion, well-established infrastructure, and is expected to produce significant volumes of copper and molybdenum over the long-term.
Lundin Mining has identified several priority exploration targets at the property, the majority of which are situated on Sandstorm’s royalty ground.
