trending Market Intelligence /marketintelligence/en/news-insights/trending/ZQu4-MiKbtTumOgEborDkQ2 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.

  • 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

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

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

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.