Mineros acquired 100% of the shares of the controversial La Colosa project, located in Tolima
La Colosa project, would be acquired by Mineros. Photo: Private Archive
TL;DR
- Mineros S.A. will acquire 100% of AngloGold Ashanti Colombia S.A.S., including the La Colosa gold exploration project in Tolima.
- The deal includes USD$10 million at closing and up to USD$60 million in contingent payments.
- The project was previously halted in 2017 following a popular vote against mining in the area.
- Mineros plans to initiate a participatory process to define a new identity and name for the project.
- The project has historical estimated resources of 23.35 million ounces of gold (Indicated) and 4.98 million ounces (Inferred).
- The transaction is expected to close in the first quarter of 2026, subject to customary conditions.