Rosemont Copper Project / Augusta Resource Corporation

Endeavour is advising Augusta Resource on the financing of its US$1.25 billion Rosemont project in Arizona.

Comprehensive advisory role, activities to date include:
  • 20% stake in the Rosemont project sold to consortium of Korean offtakers: US$176 million
  • Life of mine precious metals sold to Silver Wheaton: US$230 million
  • Offtaker short term finance to replace Sumitomo funding
  • Junior sponsor issues
  • Multiple sources of financing
  • Permitting delays
  • Co-ordination with Korean JV partners
  • Sources of finance will compete: Maximize government backed finance
  • Endeavour will keep sources of finance separate and conduct competitive negotiations
  • Completion of due diligence; presentation of "financing package"
  • Management and co-ordination of agenda, timetable and discussions

Key Contact

David Rhodes

Managing Director

George Pyper