Project with Excellent Infrastructure, Provides Leverage to Higher Copper Prices
- 60% ownership with Teck Resources holding 40%
- Located in Michoacán state, ~ 320 km west of Mexico City
- Michoacán is rich in natural resources; Mining is a leading industry with significant production of gold, silver, zinc, iron and copper
- Excellent Infrastructure: Close proximity to highway, railway, power, port and water
- 500-year mining history, stable government and attractive mining investment environment
- Well-structured and supportive mining regulatory framework