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Gold miner plans seizure of Peruvian assets over arbitration debt of $67 million
By Marcelo Rochabrun
Bloomberg News
via National Post, Toronto
Monday, January 19, 2026
A Canadian gold miner said it will attempt to seize Peruvian state assets -- including future debt payments -- unless the South American nation makes prompt payment of an arbitration award.
Lupaka Gold Corp. won a US$67 million award in June over the Peruvian government's failure to curb community protests that forced the company to halt operations at its Invicta mine.
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Lupaka has hired investigators to locate Peruvian assets overseas, with a plan to start attempting to seize them in the next few weeks if they don't hear from the government.
"One of the targets is Peru's national petroleum company, Petroperu, which has massive debts and pays large amounts of money on that on a regular basis," Lupaka Chairman Gordon Ellis said. ...
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