GoldMining Enhances Value of the Crucero Gold Project, Peru by Reducing Third-Party Royalty
("Buenaventura") to reduce an existing third-party royalty (the "Royalty") on its 100% owned Crucero gold project ("Crucero" or the "Project"), Peru.
- ("Buenaventura") to reduce an existing third-party royalty (the "Royalty") on its 100% owned Crucero gold project ("Crucero" or the "Project"), Peru.
- The Company paid US$70,000 to Buenaventura to amend and reduce the Royalty to a 3% NSR.
- Alastair Still, CEO, commented: "With this transaction, we have significantly reduced an overly burdensome royalty and enhanced the potential value of the Crucero property.
- The Crucero Project is located 150 km northeast of the city of Juliaca in the Department of Puno, in southeastern Peru.