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
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1807.22 | -1.19 | |
Silver | 19.93 | +0.07 | |
Copper | 3.57 | -0.14 | |
Palladium | 1941.50 | -3.50 | |
Platinum | 887.00 | +1.00 | |
Oil | 110.57 | +4.81 | |
Heating Oil | 3.95 | +0.12 | |
Natural Gas | 5.84 | +0.23 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
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