- Business
- Panoro Minerals Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration and development of copper-gold projects in Peru. The company advances its flagship Cotabambas copper-gold-silver porphyry project located in the Andahuaylas-Yauri belt of southern Peru; maintains a minority equity interest in the Antilla copper project along with a 2% net smelter return royalty; and holds early-stage exploration properties including Humamantata and others covering approximately 3,600 hectares in southern Peru, targeting copper, gold, silver, molybdenum, lead and zinc deposits. Operations center on Peru, supported by a head office in Vancouver, British Columbia, Canada, and a local office in Lima, Peru; the company was incorporated in 1994, formerly as Panoro Resources Ltd. prior to renaming in 2003.
Recent developments include a financing partnership with Wheaton Precious Metals Corp., under which a wholly-owned subsidiary entered a precious metals purchase agreement for the Cotabambas project; completion of the first tranche of a brokered LIFE offering in November 2025 raising C$2.9 million toward infill drilling, metallurgical testing, pre-feasibility engineering and an updated preliminary economic assessment for Cotabambas, with gross proceeds targeted up to C$5 million; a transaction with Hudbay Minerals Inc. in January 2025 involving a net smelter return royalty on the Kusiorcco project; and option grants to personnel in January 2025 alongside early-stage discussions of strategic alternatives to advance Cotabambas toward construction.