Minsur S.A. files an early warning report regarding its stake in Pacific Ridge Exploration Ltd. The company acquires 13.4 million shares (13.8% of issued shares) via subsidiary Cumbres del Sur S.A.C. for $2.68 million under a private agreement.
Peru’s Minsur experiences declines in both production and sales. The company operates within Latin America’s mining sector, where regional economic shifts may impact performance. No specific figures or causes are detailed in the report.
Peruvian miner **Minsur** plans to invest **at least $2 billion over five years** to expand its **copper and tin operations**. The company’s executive disclosed the expansion plans to Reuters, signaling a major push into critical mineral production.
Minsur’s Peruvian production drops in Q1 due to smelter maintenance and COVID-19 precautions. The measures disrupt operations at the company’s facilities. Output declines follow safety protocols amid pandemic conditions.
