Los Andes Copper (“LA”) has signed a US$20m royalty agreement with Ecora Resources (“Ecora”) on the Vizcachitas project in Chile. The royalty terms are divided into a 0.25% net smelter return (“NSR”) on all open pit (“OP”) revenue and a 0.125% NSR on all future underground (“UG”) operations. As it stands, the latest PFS study on Vizcachitas is a purely open pit design, but we believe there is potential for an UG story to develop upon further drilling. The C$26.5m (US$20m) payment from Ecora give ....
