Camino Minerals (TSXV:COR) - Chile Copper Project Targets Mid-2026 Construction Start

About this episode

Jay Chmelauskus discusses Camino Minerals' transition from exploration to active copper production in Chile.

Interview with Jay Chmelauskus, President & CEO of Camino Minerals Corp. Our previous interview: https://www.cruxinvestor.com/posts/camino-minerals-tsxvcor-developer-details-timeline-for-fully-permitted-chilean-copper-project-6525 Recording date: 26th April 2026 Camino Minerals is on the brink of transforming from an exploration company into an active copper producer. With global copper prices soaring past USD 6.00/lb amid structural supply shortages, the timing for this transition is exceptionally favorable. The company's flagship Puquios project in Chile is fully permitted and slated to break ground as early as July 2026. Partnered with Nittetsu, Camino is finalizing a debt facility with a Japanese lender that will cover over 70% of the USD 142 million construction costs. Notably, this financing requires no hedging, allowing Camino to fully capitalize on today's high copper prices—especially since the project remains robustly profitable at a baseline modeled price of just USD 4.25/lb. Puquios uses solvent extraction-electrowinning processing for its oxide copper, a highly capital-efficient method compared to traditional sulfide mining. You can think of this process much…

People in this episode

Guest: Jay Chmelauskus

Topics covered

• copper production
• mining investment
• Chile projects
• exploration to production
• financing in mining

Keywords

• Camino Minerals
• copper project
• Chile
• Puquios
• mining financing
• solvent extraction
• electrowinning
• construction costs
• copper prices

Mentioned in this episode

Organizations: Camino Minerals Corp, Nittetsu

Places: Chile, Puquios

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