06:26 AM EDT, 05/28/2025 (MT Newswires) -- Sun Valley Investments late on Tuesday agreed to purchase approximately 23.9 million common shares of Mineros ( MNSAF ) , 7.96% of the issued and outstanding common shares, from Corporacion Financiera Colombiana, also known as Corficolombiana.

Sun Valley will pay 5,500 Colombian pesos per share. Under the agreement, the shares may be purchased through mechanisms such as tender offers in Colombia and private secondary market transactions in Canada.

Sun Valley currently owns about 172.1 million shares of Mineros ( MNSAF ) valued at $421.7 million as of the closing price of Mineros ( MNSAF ) shares on the TSX on Monday. The shares comprise a participation of about 57% of Mineros' ( MNSAF ) issued and outstanding common shares.

Upon closing of the agreement, Sun Valley expects to own a total participation of about 65% of Mineros' ( MNSAF ) issued and outstanding common shares valued at approximately $480.1 million.