Hot Chili’s Managing Director, Christian Easterday, said that SCM Carola were pleased with the early payment and remained a key partner in the success of Cortadera.
“In less than two years we have transformed Cortadera from a small privately-held discovery in Chile to a leading global copper resource.
“Coming off the back of our first resource of 1.7Mt copper metal and 1.9Moz gold, announced in October 2020, Cortadera now represents one of the lowest cost recent acquisitions in the copper sector.
“This equates to less than US 1 cent per pound of copper added in resource against the total purchase price of US$32 million and is set to further reduce with additional resource growth this year.
“I look forward to a very exciting year ahead for our shareholders as we take Cortadera to the next level.”