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Prophecy secures exclusive right to Pulacayo-Paca silver mine in Bolivia

Prophecy Development Corp. said Oct. 7 that its mining production contract with Corporacion Minera de Bolivia, a branch of the Bolivian Ministry of Mining and Metallurgy, was executed Oct. 3.

The contract grants Prophecy the 100% exclusive right to develop and mine at the Pulacayo-Paca silver concessions for up to 30 years.

In August, the company said it formed subsidiary Silver Elephant Mining Corp. for the Pulacayo-Paca silver mine.