GoldMining was able to increase the value of its Crucero gold project in Peru by reducing royalty payments to third parties. The Crucero project is located 150 km north-east of the city of Juliaca in the district of Puno in south-eastern Peru. The project has seen significant past investment and exploration by previous operators, including 79 drill holes totaling 24,000 meters, and numerous targets have been identified for future exploration.
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