Galantas Gold Corporation has increased its recent fundraise from CA$7 million to $13.5m following “strong investor demand”. CHILE The Canadian explorer and miner issued a total of 168,750,000 units, comprising one Galantas share and one warrant, at a price of C$0.08 per unit. Agents will be allowed to raise up to an additional additional C$2,025,000 […]
Tag: Chile
Central Asia sells Copper Bay interest
Central Asia Metals plc has completed the sale of its 76.1% shareholding in Copper Bay Ltd, with mineral rights to a copper tailings project in Chile. DEVELOPMENT The company said that the purchase by Guardian Metals plc triggered compulsory ‘drag’ rights over the remaining 23.9% held by minority shareholders, also acquired by Guardian Metals. Central […]
Altus revenue reaches $1.7m from Newcrest royalties
Altus Strategies plc reported copper and gold royalty revenues of US$1.7 million (pre-tax) in the first quarter since acquiring the royalties portfolio from Newcrest Mining Ltd. INTERESTS The company currently owns 33 royalty interests including royalties on four producing mines of the Caserones copper mine in Chile, the South Kalgoorlie Operations (SKO) gold mine and […]
Altus receives first royalty payment from Caserones copper mine
Altus Strategies plc announced it had received its first quarterly royalty payment of US$1.34 million ($943,322 after tax), from its 0.418% net smelter return royalty (NSR) interest on the Caserones copper mine in Chile. GROWTH TRAJECTORY The Caserones mine is a large open-pit deposit within 17,000 hectares approximately 4,300m above sea level in Tierra Amarilla, […]
Altus completes first closing on NSR for Caserones copper
Altus Strategies plc has completed the first closing of its agreement to acquire an effective 0.418% net smelter return royalty (NSR) interest on the producing Caserones copper mine located in the Atacama region of northern Chile. AQUISITION The mining royalty company is acquiring the NSR interest for $34.1 million through a strategic 50:50 partnership with […]