Chakana Copper (TSE:PERU) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Chakana Copper Corp. has decided to relinquish its option on the Condor Concessions, part of its Soledad project in Peru, citing economic infeasibility due to high property payments exceeding the property’s current value. The company remains positive about its prospective remaining land holdings, even as it moves forward with transferring assets back to Condor Resources and maintains certain rights including a net smelter returns royalty.
For further insights into TSE:PERU stock, check out TipRanks’ Stock Analysis page.