Latin Metals has entered into an agreement with Daura Gold Corp. to grant a majority stake in two precious metal projects in Santa Cruz Province. The deal allows Daura to earn up to 80% ownership in Cerro Bayo and La Flora, both situated in the Deseado Massif—one of Argentina’s most productive gold belts.
By Panorama Minero
The agreement includes US$1.7 million in payments to Latin Metals and an additional US$400,000 to the original vendor, along with a drilling commitment totaling 28,000 meters to be completed in stages. The first 1,500-meter campaign must be finalized before April 2026.
In a second phase, should Daura opt to increase its stake from 75% to 80%, it will be required to make an additional payment based on the mineral resources outlined in a NI 43-101 technical report, including measured, indicated, and inferred categories.
The projects are part of Latin Metals’ exploration portfolio in Argentina and strengthen Daura’s positioning in South America, where the company already holds assets in Peru. Initial work will focus on geophysical surveys, exploratory drilling, and the development of resource models.
