Latest News

Cobre del Mayo, S.A. de C.V. Announces Second Quarter 2017 Financial Results on August 29, 2017

Mexico City, August 25, 2017 – Cobre del Mayo, S.A. de C.V. will release its unaudited financial results for the second quarter ended June 30, 2017 after the U.S. markets close on August 29, 2017. Cobre del Mayo’s management will hold an earnings conference call on Wednesday, August 30, 2017 at 11:00 a.m. U.S. Eastern Time.

The financial information will be available in the Investors Section of Cobre del Mayo’s website. Access to this section requires a username and password that can be obtained by request to: ir@cobredelmayo.com.mx.

Conference call dial in information: Toll free numbers:

US/Canada: 866-240-5139

UK: 0800-229-1400

Mexico: 01800-681-9522

Switzerland: 0800-121-040

Toll number (US): 001-713-481-0091 

2017-08-29

Cobre del Mayo, S.A. de C.V. Announces Fourth Quarter and Full Year 2016 Financial Results

Cobre del Mayo, S.A. de C.V. will release its audited financial results for the fourth quarter and full year ended December 31, 2016 after the U.S. markets close on April 17, 2017. Cobre del Mayo’s management will hold an earnings conference call on Tuesday, April 18, 2017 at 11:00 a.m. U.S. Eastern Time.

2017-04-05

Cobre del Mayo, S.A. de C.V. Announces the Completion of an Updated NI 43-101 Technical Report

Cobre del Mayo, S.A. de C.V. announces the completion of an updated NI 43-101 mineral reserve and resource report for the Piedras Verdes copper operation dated December 12, 2015. This Technical Report, prepared by MICON International and AGP Mining Consultants, considers both the CDM leaching operations and the copper concentrate operations run by Kupari Metals.

The complete NI 43-101 document is available in the Investors section of Cobre del Mayo’s website. Access to this section will require a username and password that can be requested from the following email address: ir@cobredelmayo.com.mx.

2015-12-04

Cobre del Mayo, S.A. de C.V. Announces Arrangement for the Payment of Interest on its Senior Notes due 2018

Cobre del Mayo, S.A. de C.V. announces that a shareholder has agreed to lend it the funds necessary to pay the interest due on its Senior Notes on November 15, 2015. This transaction will be on a senior and secured basis.

2015-11-03

Cobre del Mayo S.A. de C. V. Announces the Anticipated Settlement of its Hedging Agreements, the Final Terms of the Acquisition of Kupari Holdings, and its Production Preview Report for 4Q14 & Production Guidance for 1Q15

Cobre del Mayo S.A. de C.V. announces the anticipated settlement of its current hedging agreements with Goldman Sachs.

Additionally, in the context of declining copper prices and changes in relevant valuation metrics, the owners of the preferred shares of Kupari, our shareholders, in coordination with Cobre del Mayo have renegotiated the acquisition of Kupari.

The final details of the latter transaction, as well as Cobre del Mayo’s 4Q14 Production Preview Report & Production Guidance for 1Q15 are available in the Investors Section of Cobre del Mayo’s website (http://www.cobredelmayo.com). Access to this section requires a username and password that can be obtained upon request to: ir@cobredelmayo.com.

2015-04-02

Cobre del Mayo announces new swap agreement (1,800 t/month @ $7,130/t) and 2Q14 Production Preview Report

Cobre del Mayo announces a new swap agreement with Goldman Sachs International, whereby it fixed the effective price for 1,800 t per month of copper cathode from August 2014 to March 2015 at $7,130/t (approx. $3.23/lb). The agreement is cash settled and requires no margin. This swap is in addition to the previously announced transaction whereby 600t/month of copper cathode were swapped at $6,870 (approx. $3.11/lb) from July 2014 to June 2015.

2014-10-07

Cobre del Mayo announces new swap agreement (600 t @ $6,780/t)

Cobre del Mayo’s management announces the signing of a new swap agreement with Goldman Sachs International, whereby we fixed the effective price for 600 t per month of copper cathode for twelve months from July 2014 to June 2015 at a fixed price of $6,870/t (approximately $3.11/lb). The agreement is cash settled and requires no margin.

Management will evaluate signing a further agreement to cover the remaining production if the market conditions are appropriate.

2014-06-04

CDM Acquires Kupari Holdings & Releases a Combined NI 43-101 Compliant Technical Report

Mexico City, October 13, 2014 – Cobre del Mayo SA de CV acquired 100% of the common stock of Kupari Holdings, owner of the flotation plant adjacent to Piedras Verdes Mine on October 10, 2014. As part of the due diligence a new NI 43-101 compliant Reserve and Resource Update Report was commissioned. The complete details of the transaction and the Report will be available in the Investors Section (access to this section requires a username and password that can be obtained by request to: ir@cobredelmayo.com).

Cobre del Mayo’s management will hold a conference call regarding the transaction at 11:00 a.m. U.S. Eastern Time on Wednesday October 15, 2014.

2014-01-10