Mineros to acquire Colombian gold exploration project

Mineros has signed a definitive statement to acquisition a golden exploration task successful Tolima, Colombia, from AngloGold Ashanti’s subsidiary.

This statement involves the acquisition of each shares of AngloGold Ashanti Colombia, which holds the EIG-163 mining concession declaration allowing for golden exploration successful Cajamarca, Tolima.

The transaction does not see the Quebradona project, which AngloGold Ashanti continues to develop.

The golden exploration task is situated astir 150km westbound of Bogotá and 30km westbound of Ibagué.

Exploration enactment has been mostly suspended since 2017 owed to delays successful obtaining biology permits.

The acquisition volition beryllium executed connected a cash-free, debt-free basis, with Mineros agreeing to wage $10m (37.64bn pesos) successful currency upon closing.

Additionally, determination is simply a contingent information of up to $60m depending connected mineral ore tonnage authorised nether a "plan de trabajo y obras" and an biology licence.

The transaction is acceptable to reason successful the archetypal 4th of 2026, contingent upon modular conditions.

The institution plans to displacement distant from the project's humanities individuality arsenic La Colosa by collaborating with section stakeholders to found a caller task identity.

Mineros emphasised that progression volition beryllium connected regulatory approval, biology authorisation and assemblage agreement.

According to a humanities assets estimation by AngloGold Ashanti successful December 2024, the tract contains indicated resources of 23.35 cardinal ounces (moz) of golden with an mean people of 0.87 grams per tonne (g/t) and inferred resources of 4.98moz astatine 0.71g/t.

In August 2025, Mineros agreed to get an further 80% involvement successful the La Pepa golden exploration task from Pan American Silver for $40m.

"Mineros to get Colombian golden exploration project" was primitively created and published by Mining Technology, a GlobalData owned brand.

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