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Xtierra ( (TSE:RI) ) has issued an update.
Royalties Inc. says its 88%-owned subsidiary Minera Portree de Zacatecas has received a recommendation from a Mexican Federal Prosecutor to deny Capstone Gold’s constitutional Amparo challenge over disputed Cozamin mine royalties. The prosecutor found no constitutional flaws in a Zacatecas appellate ruling that upheld MPZ’s 2% royalty rights on five Portree claims, a stance that has a historically low chance of being overturned by the Federal Court.
The company argues that a final ruling in MPZ’s favor would clear the way to quantify and collect an estimated US$10 million in unpaid royalties from 2019-2026, plus interest and damages. With sharply higher copper and silver prices, Royalties Inc. projects substantial future royalty cash flows from Cozamin, contending that proper payment since 2019 would have significantly increased its market capitalization and that the growing scale of obligations could become material for Capstone and its stakeholders.
More about Xtierra
Royalties Inc. is a Toronto-based royalty company focused on acquiring and enforcing mining royalty interests, primarily in precious and base metal projects. Through its 88% stake in Minera Portree de Zacatecas S.A. de C.V., the firm is exposed to copper and silver production at Capstone’s Cozamin mine in Mexico, aiming to build a portfolio of long‑life, cash‑flowing royalty assets.
Average Trading Volume: 164,417
Technical Sentiment Signal: Buy
Current Market Cap: C$20.37M
See more data about RI stock on TipRanks’ Stock Analysis page.