Cerro Grande Mining Ends Asset Purchase Agreement, Returns Mining Assets to Tamidak

The latest update is out from Cerro Grande Mining ( (TSE:CEG) ).

Cerro Grande Mining Corporation announced the termination of its Asset Purchase and Contracts Assignment Agreement with Minera Tamidak Limitada, due to an inability to fulfill the final cash installment for the Pimentón Copper Gold Mining Project assets. As a result, all acquired assets have been returned to Tamidak, and the company has no further interest in the operation, prompting the Board of Directors to review future options.

More about Cerro Grande Mining

Cerro Grande Mining Corporation is an exploration and development company with activities currently focused in Chile. It specializes in mining, particularly in copper and gold projects.

YTD Price Performance: 0%

Average Trading Volume: 29,235

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$2.18M

For an in-depth examination of CEG stock, go to TipRanks’ Stock Analysis page.