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Panoro Minerals Ltd V.PML

Alternate Symbol(s):  POROF

Panoro Minerals Ltd. is a Canada-based copper development company. The Company is focused on advancing its flagship Cotabambas Copper-Gold-Silver Project located in area of southern Peru. It is engaged principally in the acquisition, exploration, and development of mineral properties. The Cotabambas project is a porphyry copper-gold-silver deposit, located 48 kilometers (km) southwest of the city of Cusco, in the Apurimac region in Southern Peru. This project is comprised of two clusters of mineralized areas: Cluster 1 and Cluster 2. The Company’s projects also include Antilla project, Humamantata property, Cochasayhuas project, and Kusiorcco project. The Antilla project is a copper-molybdenum porphyry deposit, located 140 km southwest of the city of Cusco, in the Apurimac region in Southern Peru. The Humamantata property is located in Southern Peru and covers an area of approximately 3,600 hectares. The Cochasayhuas project comprises of approximately 1,800 hectares.


TSXV:PML - Post by User

Comment by medvic1on Dec 17, 2020 12:04pm
140 Views
Post# 32128595

RE:RE:Lack of news is certainly frustrating

RE:RE:Lack of news is certainly frustratingRight, so, for the silver production Panoro going to receive total $5,310.000.00 (90mln x $5.90) and + $450 for each gold pound. Not much but at least production cost will be covered.

ccrfmac wrote: Not all the silver and gold goes to PML.Your math has to take this into account....

"SWC will be entitled to buy all the silver and 25% ofthe gold output from Cotabambas, until 90 million silver equivalent ounces havebeen delivered, at which point the stream would be reduced to 66.67% of silverand 16.67% of gold production over the life of mine.
SWC will pay US$140.0 million, plus an ongoing productionpayment of the lesser of US$5.90 for each silver ounce and US$450 for each goldounce, both subject to an annual inflation adjustment, and the prevailing marketprice."


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