Arizona Sonoran Completes 0.64% Buy-down of Cactus Project Royalties
CASA GRANDE, Ariz. & TORONTO--(BUSINESS WIRE)---- $ASCU #Arizona--ASCU has completed the 0.64% buy-down of certain net smelter returns royalties on the Cactus Project.
Could this royalty buy-down lead to changes in the project's tax treatment or affect the company's effective tax rate?
What is the timeline for the Cactus Project's production, and how does this royalty adjustment affect the project's breakeven point?
Is there any impact on the company's debt covenants or credit metrics due to the change in royalty obligations?
11 days ago