Plata Latina Announces Completion of Sale of Naranjillo NSR to Fresnillo
Plata Latina Minerals (TSXV: PLA) has finalized the sale of its 3% net smelter return (NSR) on the Naranjillo property to a Fresnillo plc subsidiary for US$6,000,000. The transaction, previously announced on February 27, 2025, has now been completed. The company maintains a separate 2% NSR with Fortuna Mining Corp. on the La Joya project in Hildago, Mexico.
Plata Latina Minerals (TSXV: PLA) ha concluso la vendita del suo 3% di ritorno netto dalla fusione (NSR) sulla proprietà Naranjillo a una sussidiaria di Fresnillo plc per 6.000.000 USD. La transazione, precedentemente annunciata il 27 febbraio 2025, è stata ora completata. L'azienda mantiene un separato NSR del 2% con Fortuna Mining Corp. sul progetto La Joya a Hildago, Messico.
Plata Latina Minerals (TSXV: PLA) ha finalizado la venta de su 3% de retorno neto de fundición (NSR) sobre la propiedad Naranjillo a una subsidiaria de Fresnillo plc por 6.000.000 USD. La transacción, anunciada previamente el 27 de febrero de 2025, se ha completado. La empresa mantiene un NSR separado del 2% con Fortuna Mining Corp. en el proyecto La Joya en Hildago, México.
Plata Latina Minerals (TSXV: PLA)는 Naranjillo 자산에 대한 3% 순환 수익(Net Smelter Return, NSR)을 Fresnillo plc의 자회사에 6,000,000 USD에 판매하는 계약을 완료했습니다. 이 거래는 2025년 2월 27일에 발표되었으며 이제 완료되었습니다. 회사는 멕시코 힐다가에 있는 La Joya 프로젝트에 대해 Fortuna Mining Corp.와 별도의 2% NSR을 유지하고 있습니다.
Plata Latina Minerals (TSXV: PLA) a finalisé la vente de son retour net de fonderie (NSR) de 3 % sur la propriété Naranjillo à une filiale de Fresnillo plc pour 6.000.000 USD. La transaction, annoncée précédemment le 27 février 2025, est maintenant achevée. L'entreprise conserve un NSR séparé de 2 % avec Fortuna Mining Corp. sur le projet La Joya à Hildago, au Mexique.
Plata Latina Minerals (TSXV: PLA) hat den Verkauf seiner 3% Netto-Schmelzrendite (NSR) auf das Naranjillo-Gelände an eine Tochtergesellschaft von Fresnillo plc für 6.000.000 USD abgeschlossen. Die Transaktion, die zuvor am 27. Februar 2025 angekündigt wurde, ist nun abgeschlossen. Das Unternehmen hält einen separaten 2% NSR mit Fortuna Mining Corp. für das Projekt La Joya in Hildago, Mexiko.
- Immediate cash injection of US$6,000,000 from Naranjillo NSR sale
- Retention of 2% NSR on La Joya project maintains future revenue potential
- Final sale price of US$6,000,000 represents significant reduction from initially announced US$8,610,000
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2025) - Plata Latina Minerals Corporation (TSXV: PLA) ("Plata Latina" or the "Company") has completed the sale of the
The Company retains a
About Plata Latina Minerals
Plata Latina Minerals is a growth-focused company focused on exploring strategic opportunities within the mining industry. With a strong cash balance and led by a highly experienced team with a proven track record in identifying, optimizing and growing businesses, Plata Latina aims to create long-term value through acquisitions, partnerships and other strategic transactions. Plata Latina is actively evaluating opportunities. The Company also has a
For more information, please contact:
Patricia Fong
Chief Financial Officer
Telephone: +1 800 933 9925
Email: info@plminerals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248149
FAQ
How much did Fresnillo pay for Plata Latina's (PLLMF) Naranjillo NSR?
What assets does Plata Latina (PLLMF) retain after selling Naranjillo NSR?
When was the Plata Latina (PLLMF) Naranjillo NSR sale completed?
What is the difference between the announced and final price for PLLMF's Naranjillo NSR sale?
