The Prospector News

Great Panther Announces Agreement to Sell the Coricancha Mine in Peru

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Great Panther Announces Agreement to Sell the Coricancha Mine in Peru

 

 

 

 

 

Great Panther Mining Limited (OTCPK: GPLDK) announces that it has entered into a Share Purchase Agreement with Newrange Gold Corp. to sell to Newrange the Company’s subsidiaries, Great Panther Peru Holdings Ltd. and Great Panther Silver Peru S.A.C. which together own Great Panther Coricancha S.A.C., which in turn holds the Coricancha Mine in Peru.

 

Coricancha, located in the central Andes of Peru approximately 90 kilometres east of Lima, is a past producing mine which the Company acquired in June 2017 and has remained in care and maintenance since then.

 

Under the terms of the Agreement, Newrange will acquire the Subsidiaries for a total purchase price of US$750,000 (the “Transaction”), payable in cash.

 

Completion of the Transaction is subject to certain closing conditions including, but not limited to, the approval of the Supreme Court of British Columbia required to be obtained in connection with the Company’s ongoing restructuring proceedings and receipt by Newrange of the approval of the TSX Venture Exchange.

 

ABOUT GREAT PANTHER

 

Great Panther Mining is a precious metals producer focused on the operation of the Tucano Gold Mine in Brazil where the Company controls a land package covering nearly 200,000 hectares in the prospective Vila Nova Greenstone belt.

 

Posted October 27, 2022

Share this news article

MORE or "UNCATEGORIZED"


Outcrop Silver Announces Closing of $23 Million Public Offering, Including Full Exercise of the Over-Allotment Option, Led by Investment from Jupiter Asset Management and Eric Sprott

Outcrop Silver & Gold Corporation (TSX-V:OCG) (OTCQX:OCGSF) (DE:MRG) is pleased to announce that... READ MORE

October 3, 2025

F3 Announces Closing of C$20 Million Bought Deal LIFE Private Placement

 F3 Uranium Corp. (TSX-V: FUU) (OTCQB: FUUFF) (FSE: GL7) is pleased to announce the closing of its ... READ MORE

October 3, 2025

Silver Dollar Announces Closing of $5.9 Million Brokered Financing, with Participation by Eric Sprott

Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (FSE: 4YW) is pleased to announce the closin... READ MORE

October 3, 2025

Q-Gold Closes $11,500,000 Fully Allocated Private Placement Financing, Including Agent’s 15% Over-Allotment Option

Q-Gold Resources Ltd. (TSX-V: QGR) is pleased to announce that it has closed its previously announce... READ MORE

October 3, 2025

Auranova Announces Closing of Private Placement of Charity Flow-Through Shares

Auranova Resources Inc. is pleased to announce that it has closed a non-brokered private placement t... READ MORE

October 3, 2025

Copyright 2025 The Prospector News