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Stock impact report

Argentina Power Supplier Central Puerto Eyes Stake in McEwen's Copper Project [BNN Bloomberg (Canada)]

Central Puerto S.A. American Depositary Shares (each represents ten Common Shares) (CEPU) 
Last central puerto s.a. american depositary shares (each represents ten common shares) earnings: 11/11 08:32 pm Check Earnings Report
Company Research Source: BNN Bloomberg
After recently signing a deal for a stake in the Diablillos silver-gold project in Salta province, Central Puerto is committed to getting involved in a second mining venture, according to one person, who like others didn't want to be named discussing private negotiations. The company is eyeing Los Azules as well as other gold and silver sites. Los Azules, in San Juan province, is one of several Argentine copper projects in different stages of development that could turn the country into a major supplier of the wiring metal in a decade. McEwen wants to start construction of its open pit in 2026, but first it is seeking a capital injection of $130 million to keep exploration work on track. Billionaire Eduardo Eurnekian's group, Corporacion America SA, has also been looking at Los Azules, according to people familiar. Central Puerto produced 15% of all of Argentina's electricity last year, more than any other company, according to its annual report. It continues to spend on new po Show less Read more
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