Rio Silver (TSE:RYO) has released an update.
Rio Silver Inc. has finalized the sale of its 50% stake in the Palta Dorada Au-Ag Property in Peru to Peruvian Metals Corp., securing a $250,000 US cash balance and a 3% Net Smelter Royalty with a cap of $2 million US. The deal guarantees Rio Silver a minimum of $250,000 US in royalty payments over five years, with potential additional cash flow as Peruvian Metals begins bulk sampling in Q1 2025. Concurrently, Rio Silver is advancing its Jorimina project, with expected drilling permissions and continued focus on its flagship Niñobamba Ag-Au property.
For further insights into TSE:RYO stock, check out TipRanks’ Stock Analysis page.
