- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Pan American Goldfields Renegotiates Agreement With Minera Rio Tinto
Pan American Goldfields Ltd. (OTCQB:MXOM,FSE:OY1A) entered into a Second Amended and Restated Development Agreement with its partner Minera Rio Tinto SA (MRT) of Chihuahua, Mexico and Marje Minerals SA for mineral exploration, production and development of the Cieneguita Project.
Pan American Goldfields Ltd. (OTCQB:MXOM,FSE:OY1A) entered into a Second Amended and Restated Development Agreement with its partner Minera Rio Tinto SA (MRT) of Chihuahua, Mexico and Marje Minerals SA for mineral exploration, production and development of the Cieneguita Project.
Under the new agreement, the Company’s share of net cash flow from the Pilot Project operated by MRT increases from 20% to 29% beginning retroactive to March 1, 2012 through December 31, 2012. Beginning January 1, 2013 through December 31, 2013, the Company’s share of net cash flow from the Pilot Project increases to 35%. At all times, the Company retains its 80% ownership interest in the entire Project.
Click here to read the Pan American Goldfields (OTCQB:MXOM,FSE:OY1A) press release
Click here to see the Pan American Goldfields (OTCQB:MXOM,FSE:OY1A) profile
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â