On April 19, 2024, Sun Valley Investments AG ("Sun Valley") and Mercantil Colpatria S.A. ("Mercantil Colpatria"), along with affiliates of Mercantil Colpatria, completed a significant transaction where Sun Valley acquired 67,440,916 common shares of Mineros S.A. from the Colpatria Group. This private share purchase, executed under Canadian and Colombian law, was valued at $56,380,604.94, with a share price of $0.836. The acquired shares represent 22.5% of Mineros' outstanding common shares.

Legal advisors for the transaction included Dentons Cardenas & Cardenas Abogados S.A.S (Colombia) and Dentons Canada LLP for Sun Valley. Mercantil Colpatria was advised by CIBC Capital Markets, Gómez-Pinzón Abogados (Colombia), and Fasken Martineau DuMoulin LLP (Canada).

Before this transaction, Sun Valley did not hold any shares in Mineros. Post-transaction, Sun Valley holds 67,440,916 shares, equivalent to 22.5% of the total shares. Conversely, the Colpatria Group's holding reduced from 30.39% (91,103,743 shares) to 7.89% (23,662,827 shares).

Additionally, Sun Valley entered an amended and restated shareholders' agreement with MC Companies, outlining terms for potentially acquiring the remaining shares held by the MC Companies. Both parties expressed confidence in the transaction's benefits for Mineros, citing Sun Valley's expertise in the global gold mining industry as a strategic advantage for the company's growth and commitment to stakeholders.