Aug 31 (Reuters) - Canadian miner First Quantum Minerals Ltd FM.TO said on Thursday it would boost its stake in Minera Panama SA unit to 90 percent in a deal valued at $635 million.
The company, which currently owns 80 percent of the unit, said it signed an agreement to buy a 10 percent stake from South Korean copper miner LS-Nikko Copper. The deal would also include some shareholder loans in the unit.
First Quantum said it would make the payment for the deal over five years.