⚖️ Gold Miner Gears Up to Seize Peru’s Overseas Assets Over $67M Unpaid Award
Canadian company Lupaka Gold is preparing to go after Peruvian state-owned assets abroad — including property, ships, Petroperú holdings, and even sovereign bond payments — to collect a $67 million arbitration award that Peru still hasn’t paid.
The dispute goes back to the Invicta gold project, which got blocked by government actions. In 2025 the arbitration tribunal ruled in Lupaka’s favor, ordering Peru to pay roughly $67M plus interest.
So far no payment, so Lupaka is now hunting for enforceable Peruvian assets outside the country to force collection.
Since the award came down, Lupaka’s share price has more than tripled as investors bet on them actually getting the money.
This kind of move really shines a light on growing sovereign risk worries for mining projects across Latin America.
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