202619 releases
Target #7 Geophysical Results Demonstrate Potential Scale of High-grade Skarn Mineralization at the Cotabambas Copper/Gold/Silver Project, Peru
Panoro Minerals reported geophysical survey results at Target #7, about 3.5 km west of the proposed North and South pits at its Cotabambas copper/gold/silver project in Peru. The signatures indicate the S2 skarn may extend vertically to depths exceeding 500 m, with width increasing from 50 m at surface to over 200 m at depth. A 17-hole drilling program of 300 m to 400 m is planned across three skarn corridors, with drilling to start before year-end.
Drill resultsPanoro Signs Long-Term Access Agreement for Cotabambas Project
A five-year access agreement (Convenio) has been signed with the community of Cochapata at the Cotabambas copper-gold-silver project in Apurimac, Peru, granting surface rights across the Community's lands and including commitments to education, local employment, infrastructure, support for seniors and acquisition of land near Cusco, about 120 km from Cochapata. The agreement enables roughly 10,000 m of infill and step-out drilling at the North Pit, where 150 million of the current 222 million tonnes sit within the pit shell. An updated resource estimate is planned for early 2027, a PEA by mid-2027 and a Pre-Feasibility Study by end-2027.
CorporatePanoro Signs Cooperation Agreement with the Municipality of Cotabambas for the Cotabambas Copper/Gold/Silver Project, Peru
A cooperation agreement has been signed with the Municipality of Cotabambas covering the Cotabambas copper/gold/silver project in Peru's Apurimac region, with municipality-led initiatives focused on upgrading local roads and access routes across the eight neighborhoods of the municipality. Similar agreements were signed with earlier municipal administrations. Panoro also took part in the Independence Day parade in the District of Cotabambas on July 29, 2026, and is targeting expansion of higher-grade resources with its current drill program.
CorporateSouth Pit Drilling Continues to Intersect High-Grade Mineralization, Cotabambas Project, Peru
Assay results from drillholes CB-229 and CB-230 at the Cotabambas copper-gold-silver project in Peru's Apurimac region returned 303.30 m grading 0.14% Cu, 0.13 g/t Au, 1.30 g/t Ag and 0.0020% Mo (0.29% CuEq) from 349.90 m in CB-229, including 69.90 m at 0.52% CuEq, and 808.15 m grading 0.22% Cu, 0.10 g/t Au, 1.53 g/t Ag and 0.0037% Mo from 296.35 m in CB-230, including 48.10 m at 0.76% CuEq. Endo-skarn mineralization was intersected over about 34 m. Drillholes CB-231, 232 and 233 have commenced; a conference call is set for September 8, 2026.
Drill resultsPanoro Minerals Ltd. Announces Receipt of US$2.0 Million Payment from the Sale of Non-Core Asset
TABB Partners LLC has paid Panoro Minerals US$2.0 million under the option agreement dated March 4, 2024, as amended, related to the sale of a non-core royalty interest. TABB retains the sole and exclusive right to acquire the remaining 1% of the 2% NSR on or before January 19, 2027. Panoro's focus remains its 100%-owned Cotabambas copper-gold-silver project in the Apurimac region of southern Peru, where a drill program is underway.
AcquisitionCotabambas Project — Growth in Exploration Activities
A second drill rig has arrived and begun drilling at the South Pit of the 100%-owned Cotabambas copper-gold-silver project in Apurimac, Peru, as part of an expanded 45,000 m program announced in June 2026, with hole CB-231 testing continuity 270 m below CB-228's 317.6 m at 1.04% CuEq. Two more rigs arrive over the summer, for five by end of Q3. Ground geophysics has started at Target #7, a TITAN deep survey begins in October, and metallurgical testing and a machine learning study are underway.
Drill resultsPanoro Minerals Grants Options
An aggregate of 4,825,000 stock options have been granted to directors, officers and employees of Panoro Minerals Ltd. under the Company's share option plan, each entitling the holder to purchase one common share. The options are exercisable at CAD $1.70 per share for five years from the date of grant.
CorporatePanoro Minerals Ltd. Announces Receipt of US$5.2 Million Payment from the Sale of Non-Core Asset
A third payment of US$5.2 million (C$7.0 million) has been received under the October 21, 2021 share purchase agreement, as amended, and will fund expanded drilling, exploration, permitting and engineering at the Cotabambas copper-gold-silver project in Apurimac, Peru, alongside a recently completed C$21.0 million LIFE offering. The drill program totals 45,000 m across 165 km² of property. Panoro and TABB Partners are registering TABB's exercise of an option on 50% of a 2% NSR with the Peruvian Public Registry, expected by end of July, triggering a US$2.0 million payment.
AcquisitionPanoro Minerals Completes Agreement with Community of Guaclle at the Cotabambas Cu/Au/Ag Project, Peru
A surface access agreement has been completed with the Community of Guaclle at the 100%-owned Cotabambas copper/gold/silver project in Apurimac, Peru, the tenth community agreement at the project. It allows exploration at Target #7, where high-grade skarn outcrops have been sampled over a 4 km² area; Target #7 is one of 19 targets across the 165 km² property, with surface grades up to 19% Cu. Planned work includes IP, magnetics and gravity surveys, topographic and geological mapping, and geochemical programs, running alongside drilling at South Pit (Target #2).
CorporatePanoro Minerals Intersects 317.6 m of 1.04% CuEq at Cotabambas Project, Peru
Drillhole CB-228, the first hole of the Phase 1 expansion program at the South Pit of the Cotabambas copper-gold-silver project in Peru's Apurimac region, returned 317.6 m at 1.04% CuEq (0.46% Cu, 0.45 g/t Au, 3.19 g/t Ag) from 404.10 m, including 162.0 m at 1.54% CuEq and 66.1 m at 1.92% CuEq, within 487.4 m at 0.80% CuEq. Mineralization is continuous from surface to over 850 m depth and extended 350 m down dip. Following a C$21 million equity financing, the drill program is being expanded to 45,000 m from 15,000 m, with five rigs planned by the end of Q3. A conference call is scheduled for June 9, 2026 at 9:00am ET.
Drill resultsPanoro Minerals Ltd. Announces Closing of Upsized Brokered LIFE Offering for Gross Proceeds of C$21,000,000
An upsized brokered LIFE private placement closed for gross proceeds of approximately C$21,000,000 through the sale of 22,105,263 common shares at C$0.95 per share, with Clarus Securities Inc. as lead agent and sole bookrunner. Agents received a cash commission of approximately $1,260,000 (6.0%) and 1,326,315 compensation options exercisable at C$1.00 until May 13, 2027. Net proceeds are intended for exploration and development at the Cotabambas Copper-Gold-Silver Project in Peru and general corporate and working capital purposes. Directors and officers subscribed for approximately $271,000. Final TSXV approval is pending.
FinancingPanoro Announces Upsized $21MM Financing
A previously announced C$20,000,000 best efforts private placement has been upsized to approximately C$21,000,000, comprising up to 22,105,263 common shares at C$0.95 per share, with Clarus Securities as lead agent and sole bookrunner alongside Red Cloud Securities, Agentis Capital Markets and Raymond James. Net proceeds are for exploration and development at the Cotabambas copper-gold-silver project in Peru and general corporate and working capital. Closing is expected on or about May 13, 2026, subject to TSX Venture Exchange approval.
FinancingPanoro Announces Brokered LIFE Offering for Gross Proceeds of up to $20 Million
A marketed best efforts private placement under the listed issuer financing exemption will offer up to 21,052,632 common shares at C$0.95 each for gross proceeds of up to approximately C$20,000,000, with Clarus Securities Inc. as lead agent and sole bookrunner alongside Red Cloud Securities, Agentis Capital Markets and Raymond James. Agents receive a 6.0% cash commission and compensation options equal to 6.0% of shares sold, exercisable at $1.00 for 12 months. Closing is expected on or about May 13, 2026, with proceeds directed to the Cotabambas Copper-Gold-Silver Project in Peru and general corporate and working capital purposes.
FinancingPanoro Announces Mobilization and Start of 2026 Drill Program at Cotabambas Project
Drilling has mobilized and started on a fully funded 2026 program at the 100%-owned Cotabambas copper-gold-silver project in Apurimac, Peru, comprising 15,000 metres of diamond drilling. The program begins with 5,000 metres of step-out drilling at the South Pit, followed by 5,000 metres of infill drilling at the North Pit to upgrade high-grade material to Measured category, and 5,000 metres of exploration drilling at Target 7 and Target 13, located 1 to 3 kilometres west of current resource limits.
Drill resultsPanoro Minerals Defines High-Grade Strategy for Cotabambas Project
A high-grade development strategy for the Cotabambas copper-gold-silver project in Peru includes a 2026 program of 15,000 m of drilling, split into 5,000 m of infill drilling at the North Pit, 5,000 m of step-out drilling at the South Pit, and 5,000 m of exploration drilling at the Tamburo and Chaupec targets. The current high-grade component totals 129.0 Mt at 1.29% CuEq indicated and 93.1 Mt at 1.17% CuEq inferred. Prior drilling returned 117.70 m of 2.5% CuEq and 107.1 m of 2.0% CuEq.
CorporatePanoro Announces Funded 2026 Drilling Program for Cotabambas Project
A 15,000-metre drilling program is planned at the Cotabambas copper-gold-silver project in Peru, comprising infill drilling at the North Pit to upgrade inferred material to indicated, step-out drilling south of the South Pit, and exploration drilling at two of 17 satellite targets. Since December 2025, including a recently closed non-brokered private placement, Panoro has received or expects approximately $17.3 million in gross proceeds, of which $9.8 million was non-dilutive, including a $7.0 million Antilla payment due June 15, 2026.
Drill resultsPanoro Announces Board of Directors Changes
Keith Peck has been appointed Director and Chairman of Panoro Minerals, replacing Augusto Baertl, who becomes Chairman Emeritus, and Andrew Kaip joins as an independent director. Christian Pilon and Ron Hall are resigning from the Board; Pilon will continue as a director of Peruvian subsidiary Panoro Apurimac and Hall joins the Company Advisory Board. The Board granted 2,350,000 options at CA$0.53 to directors, officers and consultants.
ManagementPanoro Announces Closing of Non-Brokered Private Placement
A C$4.0 million non-brokered private placement has closed, with 10,000,000 units issued at $0.40 per unit for gross proceeds of $4,000,000; each unit includes one common share and one warrant exercisable at $0.60 for 36 months. Participants included new cornerstone institutional investors Konwave AG and funds managed by Delbrook Capital Advisors, with no related-party participation. Proceeds are earmarked for the Cotabambas Project in Peru, including infill drilling, metallurgical testing, an updated preliminary economic assessment, pre-feasibility engineering and working capital. Finders received $180,000 cash and 450,000 warrants at $0.40.
FinancingPanoro Announces Fully Subscribed Non-Brokered Private Placement to Raise up to C$4,000,000
A fully subscribed non-brokered private placement of up to 10,000,000 units at C$0.40 per unit for gross proceeds of up to C$4,000,000 was announced, with each unit comprising one common share and one warrant exercisable at $0.60 for 36 months following closing. Proceeds are intended for infill drilling, metallurgical testing, updating the preliminary economic assessment, pre-feasibility engineering at the Cotabambas Project, and general working capital. Closing is subject to TSX Venture Exchange approval; Red Cloud Securities Inc. is acting as finder.
Financing
202510 releases
Panoro Minerals Ltd. Announces Update to Previously Announced Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
A new offering document dated December 22, 2025 was filed for the previously announced brokered LIFE private placement, covering the sale of up to 1,300,000 units at C$0.40 per unit for gross proceeds of up to C$520,000, plus an agent's option for up to 260,000 additional units for up to C$104,000. Each unit includes one common share and one warrant exercisable at C$0.60 until November 21, 2028. Red Cloud Securities Inc. is lead agent and sole bookrunner, with closing scheduled for December 22, 2025.
FinancingPanoro Minerals Ltd. Announces Closing of First Tranche of Brokered LIFE Offering for Gross Proceeds of C$2.9 Million
The first tranche of a brokered LIFE private placement closed for gross proceeds of C$2,918,200 from 7,295,500 units at C$0.40 per unit, each unit comprising one common share and one warrant exercisable at C$0.60 until November 21, 2028. Red Cloud Securities is lead agent and bookrunner with Cormark Securities as co-agent, receiving a 6.0% cash commission and broker warrants. Proceeds will fund infill drilling, metallurgical testing, prefeasibility engineering and an updated PEA for the Cotabambas copper-gold-silver project in Peru. The final tranche is expected on or about November 28, 2025.
FinancingPanoro Minerals Ltd. Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
A brokered best-efforts LIFE private placement of up to 12,500,000 units at C$0.40 per unit for gross proceeds of up to C$5,000,000 has been agreed with Red Cloud Securities Inc. as lead agent and sole bookrunner, with each unit comprising one common share and one warrant exercisable at C$0.60 for 36 months. Agents hold an option for up to 2,500,000 additional units for up to C$1,000,000. Closing is scheduled for November 18, 2025. Proceeds will fund infill drilling, metallurgical testing, prefeasibility engineering and an updated PEA for the Cotabambas copper-gold-silver project in Peru; Wheaton Precious Metals Corp. indicated intent to participate.
FinancingPanoro Announces Cancellation of LIFE Offering
The previously announced C$10,000,000 brokered private placement under the listed issuer financing exemption has been cancelled due to unfavorable market conditions, and the agency agreement with Cantor Fitzgerald Canada Corporation terminated. Proceeds were to fund infill drilling, metallurgical testing, prefeasibility engineering and an updated PEA on the Cotabambas copper-gold-silver project in Peru, plus working capital. Panoro said alternative financing options, including the third payment from the 2021 Antilla Project sale and sale of a non-core exploration project, are in advanced discussions.
FinancingPanoro Minerals Ltd. Announces Brokered LIFE Offering for Gross Proceeds of up to C$10 Million
A brokered "best efforts" private placement of up to 20,000,000 units at C$0.50 per unit for gross proceeds of up to C$10,000,000 has been agreed with Cantor Fitzgerald Canada Corporation as lead agent and sole bookrunner. Each unit includes one common share and one-half warrant exercisable at C$0.70 for 36 months; an agents' option for an additional 15% of units could add up to C$1,500,000. Proceeds will fund infill drilling, metallurgical testing, pre-feasibility engineering and an updated PEA on the Cotabambas copper-gold-silver project in Peru, plus working capital. Closing is scheduled for June 23, 2025.
FinancingPanoro Minerals 2025 Annual General Meeting – Notice of Meeting
The 2025 Annual General Meeting of Panoro Minerals Ltd. will be held on Thursday, June 26, 2025 at 11:00 a.m. (Vancouver time) at the company's offices at Suite 480 - 505 Burrard Street, Vancouver, British Columbia, with a record date of May 6, 2025. Business includes receiving the audited financial statements for the year ended December 31, 2024, appointing Davidson & Company LLP as auditor, setting the board at seven directors, electing directors, and re-approving the stock option plan reserving up to 10% of outstanding shares. Meeting materials are delivered under notice-and-access.
CorporatePanoro Minerals 2025 Annual General Meeting – Information Circular
Annual General Meeting set for Thursday, June 26, 2025 at 11:00 a.m. (Vancouver time) at Suite #480 - 505 Burrard Street, Vancouver, British Columbia, with a record date of May 6, 2025 and 264,375,058 common shares issued and outstanding. Shareholders will vote on fixing the board at seven directors, electing the seven nominees, appointing Davidson & Company LLP as auditors, and re-approving the rolling stock option plan covering up to 10% of issued shares, or 26,437,505 shares. Hudbay Minerals Inc. holds 30,823,849 shares, or 11.66%.
CorporatePanoro Minerals 2025 Annual General Meeting – Notice and Access Notice
An annual general meeting of shareholders will be held on Thursday, June 26, 2025 at 11:00 a.m. (Vancouver time) at Suite 480 - 505 Burrard Street, Vancouver, BC, with materials delivered under the notice-and-access model and posted on SEDAR+ and panoro.com. Shareholders will vote on the audited financial statements for the year ended December 31, 2024, appointment of Davidson & Company LLP as auditor, setting the board at seven directors, election of directors, and re-approval of the stock option plan reserving up to 10% of outstanding shares. Paper copy requests for voting must be received by June 13, 2025.
CorporatePanoro Minerals Grants Options
An aggregate of 4,825,000 stock options have been granted to directors, officers and employees of Panoro Minerals Ltd. under the company's share option plan. The options vest immediately and are exercisable at CAD $0.29 per share for five years from the grant date. They were granted in consideration for options that expired in August 2024 at an exercise price of CAD $0.15.
CorporatePanoro Transaction with Hudbay Minerals for Kusiorcco Project Net Smelter Return Royalty
Hudbay Peru S.A.C., a wholly owned subsidiary of Hudbay Minerals Inc., has given notice that it will exercise its option to repurchase and cancel Panoro Minerals' 2% net smelter return royalty on the Kusiorcco Project for cash consideration of USD $2.0 million. The parties are registering the repurchase and cancellation in the Peru Public Registry, expected to be finalized in the coming weeks, completing the transaction. Panoro retained the royalty when it sold Kusiorcco to Hudbay in 2018.
Financing
20247 releases
Panoro Minerals Extends and Expands Exploration Permit, Cotabambas Project, Peru
Peru's Ministry of Energy and Mines has approved the semi-detailed Environmental Impact Assessment (EIAsd) for the Cotabambas copper/gold/silver project in southern Peru, increasing permitted drilling platforms to 299 (up 50%), expanding the permitted area to 6,588 hectares (up 114%) and extending the drilling permit to 2030. The permit allows infill and step-out drilling at the North and South Pits, plus testing of other targets among the 19 identified. Cotabambas hosts 507.3 million tonnes indicated and 496.0 million tonnes inferred resources.
CorporatePanoro Minerals 2024 Annual General Meeting – Notice of Meeting
Panoro Minerals' 2024 Annual General Meeting will be held on Thursday, June 20, 2024 at 11:00 a.m. (Vancouver time) at the company's offices at Suite 480 – 505 Burrard Street, Vancouver, British Columbia. Business includes receiving the audited financial statements, appointing KPMG LLP as auditor, setting the number of directors at seven, electing directors, and re-approving the stock option plan reserving up to 10% of outstanding shares. The record date is May 2, 2024, with materials delivered under notice-and-access.
CorporatePanoro Minerals 2024 Annual General Meeting – Notice and Access Notice
Panoro Minerals' annual general meeting of shareholders will be held Thursday, June 20, 2024 at 11:00 a.m. (Vancouver time) at Suite 480 – 505 Burrard Street, Vancouver, BC, with meeting materials delivered under the notice-and-access model and posted at www.panoro.com and www.sedarplus.ca. Shareholders will vote on receiving the audited financial statements for the year ended December 31, 2023, appointing KPMG LLP as auditor, setting the number of directors at seven, electing directors, and re-approving the stock option plan reserving up to 10% of outstanding shares. Paper copy requests for delivery before the voting deadline must be received by June 10, 2024.
CorporatePanoro Minerals 2024 Annual General Meeting – Information Circular
Notice of the annual general meeting of shareholders, to be held at Suite #480 – 505 Burrard Street, Vancouver, British Columbia on Thursday, June 20, 2024 at 11:00 a.m. Vancouver time, with a record date of May 2, 2024 and 264,375,058 common shares issued and outstanding. Shareholders will vote on the financial statements for the year ended December 31, 2023, appointment of KPMG LLP as auditors, fixing the board at seven directors and re-election of all seven current directors, and re-approval of the 10% rolling stock option plan. Hudbay Minerals Inc. holds 30,823,849 shares, or 11.66%.
CorporatePanoro Minerals Receives Payment #2 for Antilla Project Transaction
A payment of approximately CA$2.7M (US$2.0M) was received from Calisto Cobre Resources Corp. on March 4, 2024, under the December 2021 sale of 90% of Antilla Copper S.A.; it comprises CA$2.5M (US$1.8M) as the balance of the Second Payment plus roughly CA$230,000 (US$170,370) of interest accrued at 6.7%, ahead of the March 31, 2024 deadline. Funds will be used to update the PEA for the Cotabambas Project. Payment #3 of CA$7.0M (US$5.2M) remains due within 12 months of Calisto obtaining drilling permits and land access agreements.
AcquisitionPanoro Minerals Files NI 43-101 Technical Report for the Updated Mineral Resource Estimate, Cotabambas Project, Peru
An NI 43-101 technical report supporting the updated mineral resource estimate for the 100%-owned Cotabambas project in Peru has been filed, authored by AGP Mining Consultants Inc., with results previously announced January 15, 2024. At a 0.15% CuEq cut-off, indicated resources are 507.3 million tonnes at 0.34% Cu, 0.20 g/t Au, 2.42 g/t Ag and 0.0021% Mo (0.43% CuEq), and inferred 496.0 million tonnes at 0.27% Cu, 0.17 g/t Au, 2.53 g/t Ag and 0.0027% Mo (0.36% CuEq). Effective date is November 20, 2023.
Resource updatePanoro Minerals Grows Resource, Adds High Grade, Reduces Waste:Ore Ratio and Increases Precious Metals at the Cotabambas Copper Project, Peru
An updated mineral resource estimate for the 100%-owned Cotabambas copper-gold-silver project in southern Peru, prepared by AGP Mining Consultants with an effective date of November 20, 2023, reports 507.3 million tonnes indicated at 0.34% Cu, 0.20 g/t Au, 2.42 g/t Ag, 0.0021% Mo (0.43% CuEq) and 496.0 million tonnes inferred at 0.27% Cu, 0.17 g/t Au, 2.53 g/t Ag, 0.0027% Mo (0.36% CuEq), at a 0.15% CuEq cut-off. A higher-grade indicated component totals 129.0 million tonnes at 0.91% CuEq; the waste:mineral ratio falls from 2:1 to 0.65:1. Panoro plans an updated PEA and prefeasibility study.
Resource update