Milpo Weighs Expansions as Peru Mines Generate $275 Million Cash

Cia. Minera Milpo SA, the Peruvian zinc, lead and copper producer, has more than $275 million in cash ready to invest in mine projects and possible acquisitions, Chief Executive Officer Victor Gobitz said.

The company based in Lima is looking into an expansion of Cerro Lindo, the largest of its three mines in the country, and is evaluating investing in five other projects including one in Chile, Gobitz said in an interview in Arequipa today.