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Panoro Minerals ( (TSE:PML) ) just unveiled an update.
Panoro Minerals has amended its agreements relating to the Antilla copper project in Peru, granting TABB Partners LLC an exclusive option to acquire up to 100% of a 2% net smelter returns royalty on the project, provided the first 50% option is exercised within 30 days. The company has also revised terms with Calisto Cobre Inc., deferring the C$7 million third payment for an additional 15% stake in Antilla to on or before June 15, 2026, and stipulating that contingent payments will be made in cash on a semi-annual basis from available cash after commercial production begins, adjustments that refine Panoro’s monetization of Antilla while it concentrates its technical and development efforts on the Cotabambas Project.
The most recent analyst rating on (TSE:PML) stock is a Hold with a C$0.46 price target. To see the full list of analyst forecasts on Panoro Minerals stock, see the TSE:PML Stock Forecast page.
Spark’s Take on TSE:PML Stock
According to Spark, TipRanks’ AI Analyst, TSE:PML is a Neutral.
The score is held down primarily by persistent losses and negative operating/free cash flow in a pre-revenue profile. A low-leverage balance sheet and recent completed financings provide some support, but technicals remain weak with the stock below key longer-term moving averages and valuation offers limited support due to negative earnings.
To see Spark’s full report on TSE:PML stock, click here.
More about Panoro Minerals
Panoro Minerals Ltd. is a Vancouver-based mining company focused on advancing copper projects in Peru. The company is currently prioritizing technical optimization studies, including work toward a preliminary economic assessment and prefeasibility study, for its flagship Cotabambas copper project.
Average Trading Volume: 139,059
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$128.2M
Learn more about PML stock on TipRanks’ Stock Analysis page.