TSX:CSMetals and Mining
Is Cozamin’s Disputed Royalty Structure Altering The Investment Case For Capstone Copper (TSX:CS)?
Royalties Inc. has reported that its 88%-owned unit, Minera Portree de Zacatecas, previously filed a criminal lawsuit over an allegedly fraudulent attempt to transfer a 2% royalty on Capstone Copper’s Cozamin mine, and has now sought detailed production and payment records from Capstone Gold and trading intermediary Metagri.
With Capstone Copper having engaged Scotiabank to run a sale process for Cozamin, Portree’s insistence that any buyer inherit the 2% NSR royalty and arrears introduces...
