Capstone Copper Secures Up to $360 Million Investment from Orion for 25% Stake in Santo Domingo
Transaction Overview: Capstone Copper Corp. has entered into a deal with Orion Resource Partners to acquire a 25% ownership interest in the Santo Domingo and Sierra Norte Projects for up to $360 million, which includes an initial investment of $300 million contingent on a positive final investment decision (FID) on Santo Domingo.
Financial and Operational Benefits: The transaction is expected to de-risk capital funding for the Santo Domingo Project, enhance financial flexibility, and create significant job opportunities in Chile, with an anticipated 6,000 jobs during construction and over 1,000 jobs once operational.
Exploration and Growth Plans: Proceeds from the transaction will fund a new exploration program at Santo Domingo and Sierra Norte, aiming to delineate resources and advance feasibility studies, with a total exploration expenditure guidance updated to $40 million for 2025.
Long-term Value and Synergies: The partnership with Orion is seen as a strategic move to unlock long-term value and synergies in the Mantoverde-Santo Domingo district, positioning Capstone for transformational growth in the copper and cobalt markets.
About the author









