Royalty Holder…….....Jaguar Mining
Revenue……………..…..…………........n.a.
Mine Life...……………..…..........13 years
Commodity……………….................Gold
Operator…….......Avanco Resources

#3 Jaguar Mining

Australia-listed Avanco Resources is currently on a drive to consolidate several copper-gold assets in Brazil, buying the Gurupi gold project in October off Jaguar Mining.

The project has been held up by permitting delays and Avanco only paid around $2.2m. But Gurupi has a thumping 3.9m ounce gold resource and Jaguar originally bought it off Canadian gold giant Kinross for $42m in 2009.

With a Portuguese-speaking board and backing from BlackRock in London, Avanco looks better placed to push the asset forward. It is “a low-cost option to test the strength of their local connections and know-how,” according to The Australian. Jaguar kept a 1 to 2 per cent royalty over the deposit, which will be valuable, if Avanco delivers.

 

 

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