Plata Latina Minerals ( (TSE:PLA) ) has provided an update.
Plata Latina Minerals announced that Fresnillo plc will purchase the 3% net smelter return on the Naranjillo property for US$6,000,000, strengthening Plata Latina’s balance sheet and enhancing its competitiveness. The transaction, expected to close by March 2025, will relieve Fresnillo of advance royalty payments, while Plata Latina retains a 2% NSR on the La Joya project, positioning the company for strategic growth.
More about Plata Latina Minerals
Plata Latina Minerals is a growth-focused company in the mining industry, dedicated to exploring strategic opportunities. The company, led by an experienced team, aims to create long-term value through acquisitions, partnerships, and strategic transactions. Plata Latina currently holds two royalties in its portfolio and is actively evaluating new opportunities.
YTD Price Performance: 400%
Average Trading Volume: 175,220
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$3.95M
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