Bullboard - Stock Discussion Forum Panoro Minerals Ltd V.PML

Alternate Symbol(s): POROF

Metals & Mining Industrial Metals & Minerals

Panoro Minerals Ltd is a Canadian copper exploration company. The Company is principally engaged in the acquisition, exploration, and development of mineral properties in Peru. It is advancing its flagship Cotabambas Copper-Gold-Silver Project (the Cotabambas Project) located in the strategically important area of southern Peru. In addition to the Cotabambas Project, the Company retains a... see more

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TSXV:PML - Post Discussion

Panoro Minerals Ltd

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Comment by medvic1 on Dec 17, 2020 12:04pm

RE:RE:Lack of news is certainly frustrating

Right, 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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