The company agreed to pay US$10 million at closing and up to an additional US$60 million contingent upon permits and the development of the project located in Cajamarca.
Mineros S.A. announced this Monday the signing of a definitive agreement to acquire 100% of a gold exploration project in the department of Tolima, through the purchase of all shares of AngloGold Ashanti Colombia S.A.S., a subsidiary of AngloGold Ashanti.
The asset corresponds to an integrated mining concession contract to explore a gold system located in the municipality of Cajamarca, Tolima, a project historically known in the sector as La Colosa. The company clarified that this transaction is not related to the Quebradona project, which AngloGold Ashanti will continue to develop.
According to the announced terms, Mineros will pay US$10 million in cash at the closing of the operation and could disburse up to an additional US$60 million in contingent payments, linked to the ore tonnage authorized in a Work and Construction Plan (PTO) and the procurement of the environmental license. The company expects to complete the transaction during the first quarter of 2026, subject to customary closing conditions.
The project is located approximately 150 kilometers west of Bogotá and 30 kilometers from Ibagué. Exploration activities have been largely suspended since 2017 due to delays in obtaining environmental permits.
According to historical estimates disclosed by AngloGold Ashanti in 2024, the deposit could contain indicated resources of 23.35 million ounces of gold and inferred resources of 4.98 million ounces, although Mineros clarified that it has not yet verified these figures as current mineral resources.
The company stated that it will initiate a participatory process with communities and local stakeholders to define a new identity for the project and evaluate its future development, subject to regulatory clarity, environmental licensing, and community consensus.
Click here for read the original article in Forbes published on mar 09, 2026.
Click here for read the full article in Mineros.com.co published on mar 09, 2026.