Porphyry copper deposits are among the world’s most valuable deposits. Here’s what investors should know about them.
By Cynthia Minh
Panoro Minerals (TSXV:PML) (Lima:PML) (Frankfurt:PZM) (“Panoro” or the “Company”) provides an update on the Company’s activities and plans.
As quoted in the press release:
Panoro’s investment focus over the next 12 months will be aimed at growing the Cotabambas project and enhancing the project economics. The Cotabambas Project Preliminary Economic Assessment (PEA)
Panoro Minerals (TSXV:PML) released its third quarter results on Wednesday highlighting the completion of a bought deal and private placement in July, raising $5.9 million. The company also highlighted the start of a preliminary economic assesments on both its Cotabambas and Antilla project in Peru this summer.
Panoro Minerals (TSXV:PML) said this week that it has updated the resource estimate for its Cotabambas porphyry copper-gold-silver project located in southern Peru.
Panoro Minerals Ltd. (TSXV:PML) President and CEO, Luquman Shaheen, spoke to Resource Investing News on the Company’s principal projects Cotabambas and Antilla, both located in Peru.
Panoro Minerals Ltd. (TSXV:PML) announced that a mineral resource estimate for its Peru-based Cotabambas project revealed an increase in copper to 3.75 billion pounds. Gold went up to 3 million ounces and silver increased to 36.9 million ounces.
Copper is nudging up as China cuts its interest rates for the first time in four years, a move that is expected to increase global demand for the metal. Hopes that the Fed will take action to jump start the US economy are also encouraging copper bulls.
The world’s biggest publicly traded copper producer has beat expectations despite major strikes, and copper producers are looking to brighter results.
Panoro Minerals Ltd. (CVE:PML) signs a three year community agreement at the company’s 100% owned Cotabambas Porphyry Copper/Gold Project in Peru.
Panoro Minerals Ltd. (CVE:PML) commences its 2010 exploration program at its 100% owned Cotabambas Copper-Gold Project located in southern Peru.