Luca Mining To Acquire El Barqueño From Agnico Eagle

(RTTNews) - Luca Mining Corp. (LUCMF, LUCA.V), a Mexico-focused mining company, on Thursday announced an agreement to acquire 100% of the El Barqueño property from Agnico Eagle Mines Ltd. (AEM). The deal closing is expected in the fourth quarter of 2026. The company will pay $10 million at closing through the issuance of common shares to Agnico Eagle. The deal also includes up to $30 million in milestone-linked payments and up to $20 million in production milestone payments. Agnico Eagle will receive a 2% net smelter return interest on certain areas. Luca has the right to repurchase half of the royalty for $12.5 million.