Solitario Exploration Spikes 3% On Mexico Exploration Partnership Accord

By Staff,

Shutterstock photo

Solitario Exploration & Royalty ( XPL ) shares are up 3.3% to $1.55 after the company reached an accord with a unit of Hochschild Mining plc to develop its Pachuca Norte silver and gold project in Central Mexico.

Under the terms of the deal, Minera Hochschild Mexico earns a 51% interest in the project, in one of the richest gold and silver areas in the world, by spending $10 million on exploration over five years. It has committed to an initial 12-month work program of $1.5 million.

XPL shares trade within a 52-week range of $0.97 to $1.92.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: XPL

More from MT Newswires


MT Newswires

MT Newswires

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by