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Candelaria Sold 0.5% Net Smelter Royalty to Empress
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.
Posted November 25, 2020
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