Luca Mining to Acquire Agnico’s El Barqueño Project in Mexico
Luca Mining (TSXV: LUCA,OTCQX:LUCMF) has agreed to acquire the El Barqueño gold-silver-copper project in Mexico from Agnico Eagle Mines (TSX:AEM,NYSE:AEM) for an initial US$10 million in stock and up to US$50 million in deferred milestone payments. Under the definitive asset purchase agreement, Luca will acquire 100 percent of the 32,000-hectare property located in Jalisco state, roughly 100 kilometers west of Guadalajara. The consideration structure includes a US$10 million upfront equity payme