GoldMining Inc. Cuts Costs to Boost Crucero Value

Goldmining Inc. (TSE:GOLD) has released an update.

GoldMining Inc. has announced a significant reduction of a third-party royalty on their wholly-owned Crucero gold project in Peru, potentially enhancing the project’s value. By paying $70,000 to Buenaventura, they’ve lowered the net smelter return royalty from 5% to 3% and have the option to reduce it to 1% with a further payment of $200,000. The deal positions GoldMining to advance their strategy of developing their portfolio of gold assets in the Americas.

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