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.
