Candelaria Mining Corp. (TSXV:CAND) (OTC PINK:CDELF) is pleased to announce it has sold a 0.5% net smelter return royalty on production from the Pinos Project to Empress Royalty Corp. for US$750,000.
Empress also purchased an additional 0.5% NSR from a previous royalty holder on the Pinos Project, for a total of a 1.0% NSR on the Pinos Project.
The Pinos Project is subject to NSR royalties of 2.0% including the two NSR royalties held by Empress.
Mr. Ramon Perez, President of Candelaria, commented, “We welcome Empress as a stake-holder in our Pinos Project, as we continue to work towards development of our Pinos Project.”
About Candelaria Mining
Candelaria Mining is a Canadian-based gold development and exploration company with a portfolio of highly prospective projects in Mexico, one of the world’s best mining jurisdictions. Candelaria currently owns 100% of Caballo Blanco Project and the Pinos Gold Project.
Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reported record... READ MORE
Including true width intervals of 6.08 g/t Au over 25.7 m at Stoc... READ MORE
Imperial Metals Corporation (TSX:III) reports financial results ... READ MORE
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reported its first qu... READ MORE
Cameco (TSX: CCO) (NYSE: CCJ) reported its consolidated financial... READ MORE