Josemaria Resources Inc.
JOSE.TO
Toronto Stock Exchange1.71
CAD
+0.11
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Josemaria Resources Inc.
JOSE.TO
(Toronto Stock Exchange)
Recent
price
1.71
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Josemaria Resources Inc. engages in the acquisition, exploration, and development of mineral properties in South America, primarily focused on copper-gold-silver deposits; it holds 100% interest in the Josemaria project located in San Juan province, Argentina, featuring proven and probable mineral reserves of approximately 6.7 billion pounds of copper, 7.0 million ounces of gold, and 30.7 million ounces of silver across a large-scale open-pit mine with low strip ratio processing via crush, grind, and flotation to produce gold-rich copper concentrate. The company, founded in 1983 and headquartered in Vancouver, Canada, operates as a subsidiary of Lundin Mining Corporation following its acquisition in April 2022 for C$625 million. In recent developments, the Josemaria project integrates into Vicuña Corp., a joint venture between Lundin Mining and BHP formed in early 2025 with BHP acquiring a 50% interest for US$690 million; Vicuña submitted a second update to the Environmental Impact Assessment in July 2025, extending the mine life from 19 to 25 years through increased exploitable resources, raising ore processing capacity to 175,000 tonnes per day, improving cut-off grades for copper, gold, and silver, and implementing a multi-source water supply system including a new La Majadita wellfield, future Pacific Ocean desalinated water, and 73% process water recovery; ongoing activities include construction of the northern access road commenced in Q3 2025, parallel studies for multi-phased development combining Josemaria with the adjacent Filo del Sol deposit targeting an integrated technical report by early 2026, and advancement of the Josemaria EIA through San Juan authorities with a Q4 2025 site visit.