Panoro Minerals Sells Kusiorcco Royalty to Hudbay for $2 Million

Panoro Minerals ( (TSE:PML) ) has shared an announcement.

Panoro Minerals Ltd. announced that Hudbay Peru S.A.C. will repurchase and cancel the 2% net smelter return royalty on the Kusiorcco Project for $2 million. This transaction allows Panoro to focus on its Cotabambas Project, aiming to enhance its value through prefeasibility and feasibility studies, while exploring strategic alternatives for shareholder value.

More about Panoro Minerals

Panoro Minerals Ltd. is involved in the mining industry, focusing on developing mineral resources. The company’s primary project is the Cotabambas Project, where they are concentrating on project optimization and feasibility studies to advance the development.

YTD Price Performance: -9.38%

Average Trading Volume: 108,522

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$76.67M

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