Palamina Secures Payment and Expands Mining Interests

Palamina (TSE:PA) has released an update.

Palamina Corp. has bolstered its financial position by receiving a US$100,000 Advance Royalty payment from Winshear Gold Corp., as part of an ongoing property purchase agreement. Additionally, Palamina has a strategic interest in the gold mining sector through a 15.4% stake in Winshear and a 2% NSR royalty on Winshear’s projects, with drilling activities set to expand at the Gaban Gold Project.

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