trending Market Intelligence /marketintelligence/en/news-insights/trending/0yI_T_cSYgPzvsGHrk_C2w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Chakana acquiring 1% NSR on Soledad gold-copper project in Peru

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019


Chakana acquiring 1% NSR on Soledad gold-copper project in Peru

Chakana Copper Corp. agreed to purchase a 1% net smelter royalty on the Soledad gold-copper-silver project in Peru owned by Condor Resources Inc.'s Minera Vertiente Del Sol SAC unit for US$565,000 in cash and shares.

Chakana has an existing option to acquire Soledad under a 2017 deal. Consideration includes a 2% NSR, which Chakana can halve for US$2 million.

With the royalty purchase, Chakana said March 19 that the NSR consideration will be reduced to 1%, which can be halved for US$1 million. The company will also be free from pre-royalty payment obligations.

If Chakana does not exercise its option, Condor can reduce Chakana's purchased NSR to 0.5% for US$1 million.

Chakana said the royalty purchase price was 70% cheaper compared to the original option deal, reducing the company's financial burden on the project.