Located in the mining-friendly state of Sonora, Mexico, the Piedras Verdes complex represents a high-value asset in a market currently constrained by supply shortages and lengthy development timelines for new projects. The joint owners have appointed BMO Capital Markets to lead the sale, with Blake, Cassels & Graydon LLP serving as legal counsel.

BMO Capital Markets has begun outreach to prospective buyers. Interested parties will gain access to a confidential data room once formal non-disclosure agreements are executed. For the current operators, the move is a strategic play to capture significant proceeds from a mature, performing asset while handing off a site that offers both existing commercial production and clear expansion potential for the next owner.