SALE: Dia Bras to unload Peruvian hydro assets in $48-M deal

PERU – Dia Bras Exploration of Toronto reports its subsidiary Sociedad Minera Corona has agreed to sell its hydroelectric assets to Volcan Compania Minera for US$46.78 million. Dia Bras will net US$24.5 million by virtue of its 81.7% equity stake in Corona.

Dia Bras’ interest in Peru is its share of Corona’s underground Yauricocha silver-lead mine near Lima. The mine has been in continuous production since 1948. The mine had proven and probable reserves of 1.14 million tonnes at 3.75 g/t Ag, 2.34% Pb plus copper, zinc and gold values. Read the latest 43-101 report at DiaBras.com