TNR Gold Receives Royalty From McEwen Mining On "One Of The Largest Undeveloped Copper Projects".
I am very pleased to report our latest development on Los Azules.
We have finally locked up the participation in this unique world-class copper asset for the benefit of all our shareholders:
1. Now we do not have to wait for feasibility study.
2. We do not have to contribute any capital.
3. Our industry standard NSR in "one of the largest undeveloped copper projects", according to McEwen Mining, is in effect immediately and can be monetised now at any time.
4. 0.4% NSR is now attributed to the entire Los Azules project - it is higher than pro-rata 0.6% attributed to only our part of Los Azules before.
- Published: 20 October 2014
- Written by Kirill