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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
For detailed information about PML stock, go to TipRanks’ Stock Analysis page.