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Arizona Sonoran Copper Co., Inc. ( (TSE:ASCU) ) just unveiled an update.
Arizona Sonoran Copper Company Inc. has announced the buyback of 1% of the Bronco Creek Exploration net smelter royalty for $500,000, reducing the royalty from 1.5% to 0.5%. This strategic move is aimed at leveraging future copper production and enhancing shareholder value, reflecting potential upside as the company progresses with the Cactus Project.
More about Arizona Sonoran Copper Co., Inc.
Arizona Sonoran Copper Company Inc. operates in the mining industry, primarily focusing on copper exploration and development. They are involved in advancing projects like the Cactus Project, which includes the Parks/Salyer deposit.
YTD Price Performance: -2.68%
Average Trading Volume: 129,424
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$196.5M
Learn more about ASCU stock on TipRanks’ Stock Analysis page.
