trending Market Intelligence /marketintelligence/en/news-insights/trending/ZQu4-MiKbtTumOgEborDkQ2 content esgSubNav
In This List

Sonoro Metals sells 1% NSR on Chipriona gold property to Agnico Eagle

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices


Sonoro Metals sells 1% NSR on Chipriona gold property to Agnico Eagle

Sonoro Metals Corp. sold a 1% net smelter royalty on the Chipriona gold property in Mexico to Agnico Eagle Mines Ltd. for C$875,000.

The royalty was granted to Sonoro as part of Agnico Eagle's C$4 million purchase of Chipriona in December 2016. As part of the deal, Agnico Eagle had an option to buy back the royalty for C$1.5 million.

Sonoro said Jan. 2 that the cash injection provides greater value at this time compared with waiting for Chipriona to achieve production.

Proceeds will be used primarily for the upcoming phase-three drill program at its Cerro Caliche gold project in Mexico, where a total of 10,328 meters were drilled during a two-phase reverse circulation drilling program in 2018 and 2019.