The net proceeds of the offering are expected to be used for ongoing development work at the company’s flagship Corani silver-lead-zinc project in southern Peru.

The initial shipment added up to 420 tonnes of zinc-silver concentrate.

The financing is intended to fund the construction of the proposed 1,250 tonne per day underground project.

Even setting aside the disruptions and uncertainty created by the pandemic, 2020 was a tumultuous year on mining and metals markets.

Ivanhoe Capital Acquisition Corp. is raising $200 million to invest in industries key to the global energy transition.

Amid efforts to move the world away from fossil fuels, energy metals are a key pathway to tackling climate change and transition towards a low-carbon future.

French court ordered the renewal of Orea's gold mining project concessions within six months.