Ecora acquires $20 million Vizcachitas copper royalty CanadiansInvest
-OTC Pink] said Monday it is spending $20 million to acquire a 0.25% net smelter royalty over all metal production from the planned open pit of the Vizcachitas copper project in Chile, owned by Andes Copper Ltd.
Ecora said the owner forsees first production in 2029, with a royalty rate stepping up in the event commercial production does not occur before June 30, 2030. Ecora shares were active on the news, easing `1.9% or $0.04 to $2.08 on volume of 813,000. The shares are currently trading in a 52-week range of $2.84 and $1.92.
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