Sociedad Minera El Brocal S.A.A. announced a private placement of 12,413,278 common shares at PEN 10.02 per share for gross proceeds of PEN 124,381,045.56 on November 18, 2015. The transaction will include participation from existing shareholders and new investors. The shares to be issued have a par value of PEN 7 per share and will be issued at a premium of PEN 3.02 per share.

The transaction has been approved by the general shareholders meeting of the company.