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Copper|PROJECT|Resources|Underground|Operations
Copper|PROJECT|Resources|Underground|Operations
copper|project|resources|underground|operations

Los Andes inks $20m royalty deal with Ecora

26th July 2023

By: Creamer Media Reporter

     

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TSX-V-listed Los Andes Copper has entered into a royalty agreement with Ecora Resources for $20-million for the sale of all minerals produced from the Vizcachitas project, in Chile.

Ecora will receive royalty payments calculated as 0.25% net smelter royalty (NSR) on minerals sold on openpit operations and 0.125% NSR on underground operations. 

The royalty agreement is in addition to the existing NSRs in place on the project, consisting of a 2% NSR for openpit operations and a 1% NSR on underground operations. The transaction is expected to close in the next two weeks.

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Edited by Creamer Media Reporter

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