"McEwen Mining holds 1.25% NSR Royalty on Los Azules Copper which could be valued at USD$100 million based on the Royalty deal made by Osisko Gold Royalties, according to Rob McEwen. TNR Gold Holds 0.4% NSR Royalty on the giant Los Azules Copper, Gold and Silver project with McEwen Mining, of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder."
TNR Gold Update: NSR Royalty on McEwen Mining’s Los Azules Copper, Gold and Silver Project - McEwen Copper Drills 237.2 m of 1.05% Cu including 108 m of 1.71% Cu in hole AZ22173
“We are pleased to see these significant developments on the advancing Los Azules Project towards feasibility and continued support by Rob McEwen of McEwen Copper,” stated Kirill Klip, TNR’s Chief Executive Officer. “It’s very encouraging to see the opportunity to expand the deposit, and the involvement of Rio Tinto, which may accelerate realizing the enormous potential of the Los Azules Project with Rio Tinto’s innovative technology.
The personal commitment from Rob McEwen and his investment of US$40 million enabled the rapid advancement of this deposit to this new phase of development in an appropriate corporate structure. McEwen Copper has raised more than US$81 million and is well positioned for further stages of development of the Los Azules Project.
TNR Gold does not have to contribute any capital for the development of Los Azules. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”
TNR Gold Royalty Holding: Rob McEwen Video - McEwen Mining's 1.25% NSR Royalty on Los Azules Copper "Worth Maybe USD$100 Million After Osisko Royalty Deal"
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