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Xtierra ( (TSE:RI) ) just unveiled an update.
Royalties Inc. has secured a major legal victory in a commercial lawsuit against Capstone Copper Corp., with the court ruling in favor of its subsidiary, Minera Portree de Zacatecas, by invalidating a 2019 contract and affirming its entitlement to royalty payments from the Cozamin Mine. This decision reinforces Minera Portree’s rights to a 2% net smelter royalty on key mining concessions and is expected to impact Capstone’s operations, as they are now ordered to pay royalties for various concessions, potentially leading to a settlement of claims.
More about Xtierra
Royalties Inc. is a company that owns a 100% interest in the Bilbao silver-zinc-lead project in Zacatecas, Mexico, and holds an 88% stake in Minera Portree de Zacatecas, which has a claim to a 2% net smelter royalty on mining concessions at the Cozamin Mine. The company also has a 2.9% stake in Music Royalties Inc., which has generated significant dividends from its music catalogs.
Average Trading Volume: 33,677
Technical Sentiment Signal: Hold
Current Market Cap: C$10.13M
For an in-depth examination of RI stock, go to TipRanks’ Overview page.