TSX-listed base metals miner Ascendant Resources has entered into a share purchase agreement with Panama-based Kirungu to sell all the issued and outstanding shares of its wholly-owned Honduran subsidiary American Pacific Honduras (Ampac), which owns the producing El Mochito zinc, lead and silver mine.
Since its acquisition in late 2016, Ascendant has dedicated significant capital and resources to the operations at El Mochito. The mine has seen continual growth and record production quarter over quarter.