tiprankstipranks
GoldMining Inc. Cuts Royalty Costs in Peru
Company Announcements

GoldMining Inc. Cuts Royalty Costs in Peru

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

Pick the best stocks and maximize your portfolio:

GoldMining Inc. has successfully negotiated a reduction of the net smelter return royalty on its wholly owned Crucero Gold Project in Peru, lowering it from a maximum of 5% to a fixed 3%. The company also retains the option to further decrease the royalty to 1% with an additional payment within the next decade. This strategic move is aimed at increasing the project’s value and advancing GoldMining’s portfolio of gold and gold-copper projects in the Americas.

For further insights into TSE:GOLD stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyGoldMining price target raised to $5.50 from $5.25 at H.C. Wainwright
TipRanks Auto-Generated NewsdeskGoldMining Announces New Technical Report Release
TipRanks Auto-Generated NewsdeskGoldMining Unveils Promising Drilling Results in Brazil
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App