Panoro Minerals Ltd. is a TSX-V-listed copper exploration company focused on advancing its flagship Cotabambas and Antilla Projects in Southern Peru.
The Company’s projects are located in the internationally preeminent copper development region of southern Peru where all major infrastructure is in place and growing rapidly. The national mining and permitting policy is well established, progressive and predictably favorable. The Company ‘s key strategic shareholders include Hudbay Minerals, Resource Capital Funds, and a strategic financing partnership Wheaton Precious Metals.
Panoro Minerals also has partnered the Kusiorcco Copper Project in southern Peru with Hudbay Minerals. The Company is receiving periodic milestone cash payments from Hudbay Minerals and holds a 2% Net Smelter Return Royalty.
Panoro Minerals has Joint Ventured the Humamantata Copper Project in southern Peru with Japan Oil, Gas and Metals National Corporation (JOGMEC). JOGMEC can earn in a 60% interest into the project with the investment of $US 8 million investment. Panoro Minerals is the project operator.
Panoro Minerals is also receiving periodic payments and holds a 5% Net Smelter Return Royalty from the Sale of the Cochasayhuas Gold Project to Mintania S.A.C.
President & Chief Executive Officer
Mr. Luquman Shaheen, President & Chief Executive Officer of Panoro Minerals Ltd., is an accomplished Mining Industry professional with over 30 years of extensive global experience. Over a decade of experience in senior management and board roles with publicly listed mining and exploration companies. A strategic thinking President and CEO with a career of demonstrated success in the capital markets, having negotiated over $600 million in financings through private placements, prospectus offerings, joint ventures and precious metal streaming transactions.