Capstone Is Said to Tap Scotiabank to Divest Mexican Copper Mine

Capstone Copper Corp. is looking to sell a copper mine in Mexico as it focuses growth efforts in Chile, adding to a recent spate of deal-making for the red metal, according to people familiar with the matter.

The Canadian company hired Bank of Nova Scotia to start a sales process for the Cozamin underground mine, which also produces silver, said the people, who asked not to be identified discussing confidential information. The mine, among Capstone’s smaller assets, is valued at around $400 million, the people said.