Peru's Emergency Mining Ban to Cost $200 Million in Lost Gold Output
Peruvian gold output is expected to be significantly dented in the coming month due to a mining ban in a northern region of the country that's seen an up-tick in criminal activity culminating in the murder of 13 mine workers.
The central bank estimates that companies will lose about 60,000 ounces of production in the next 30 days, its chief economist Adrian Armas told reporters Friday. That's worth about $200 million at current prices and represents about 20% of the country's total output in the month of February, the most recent production data available.
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CALLAO, Peru, June 10, 2025 /PRNewswire/ -- Alicorp S.A.A. ("Alicorp" or the "Company") (Lima Stock Exchange: ALICORC1 and ALICORI1) announced today the tender results for the previously announced tender offer for cash (the "Offer") for any and all of its outstanding 6.875% Senior Notes due 2027 (CUSIP Nos. 016234 AC0 and P0161K DW0) (the "Notes"). The Offer expired today, June 10, 2025, at 9:00 a.m., New York City time (the "Expiration Time"). The Offer is being made on the terms and subject to the conditions set forth in the Offer to Purchase, dated June 3, 2025 (the "Offer to Purchase") and the related Notice of Guaranteed Delivery (as these terms are defined in the Offer to Purchase and, collectively, the "Offer Documents"). Capitalized terms used but not defined have the meanings assigned to them in the Offer to Purchase. The following table sets forth certain information relating to the Notes: Description of Security CUSIP No. ISIN Outstanding Principal Amount(1) Principal Amount Accepted for Purchase Consideration(2) 6.875% Senior Notes due 2027 144A: 016234 AC0 Reg S: P0161K DW0 144A:US016234AC00 Reg S: USP0161KDW01 S/ 1,395,760,000 S/ 1,073,296,000 S/ 1,015 _______________ (1) The outstanding principal amount is subject to a pool factor (the "Pool Factor") following amortization pursuant to the terms and conditions of the Notes. The aggregate outstanding principal amount of the Notes following such amortization is S/ 930,506,666.67 as of the date of the Offer to Purchase. As of the date of the Offer to Purchase, the Pool Factor is 0.6667. (2) Consideration in the form of cash per S/ 1,000 principal amount of Notes that are validly tendered (and not validly withdrawn), excluding accrued and unpaid interest on the Notes, which will be paid in addition to the Consideration. 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King at (877) 361-7972 (Toll-Fee) or (212) 269-5550 (Collect), or email alicorp@ This press release is not an offer to sell the Notes or any securities and it is not soliciting an offer to buy the Notes or any securities. Alicorp has neither obtained any commitments to purchase, nor entered into any agreements, to sell any securities. None of Alicorp, the Dealer Managers, the Tender Agent, the Information Agent or the Trustee for the Notes makes any recommendation in connection with the Offer. Please refer to the Offer Documents for a description of offer terms, conditions, disclaimers and other information applicable to the Offer. About AlicorpAlicorp is a leading Latin American producer, distributor and marketer of branded consumer products under three business segments: consumer goods; aquafeed; and B2B (business to business) branded products. Alicorp is headquartered in Peru, where it operates 29 manufacturing facilities, and has international operations in Ecuador, Chile, Bolivia and Honduras. Forward-Looking StatementsCertain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Alicorp's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Alicorp's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, Alicorp does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time and it is not possible for management to predict all such factors. Contacts: Alicorp Argentina N° 4793Carmen de la Legua ReynosoProvincia Constitucional del CallaoPeru+51 (1) 315-0800 View original content: SOURCE Alicorp S.A.A. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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