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Capstone Copper Sells 25% Stake for $360 Million Deal

10/15/2025

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Summary

Story summary

Capstone Copper Ltd will sell a 25% stake in Santo Domingo and Sierra Norte projects in Chile to Orion Resource Partners for up to $360 million.
Orion will pay $225 million at the positive final investment decision and $75 million within six months, with milestone payments.
The deal reduces Capstone's equity commitment to about $400 million, provides capital for exploration, and prompts Macquarie to raise Capstone's price target to $14.80.

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Story summary

Capstone Copper Ltd will sell a 25% stake in Santo Domingo and Sierra Norte projects in Chile to Orion Resource Partners for up to $360 million.
Orion will pay $225 million at the positive final investment decision and $75 million within six months, with milestone payments.
The deal reduces Capstone's equity commitment to about $400 million, provides capital for exploration, and prompts Macquarie to raise Capstone's price target to $14.80.