Callinan Royalties Corporation has received a payment of just over 2.9 million dollars from Hudbay.  This payment includes interest and represents the remaining balance of payments for 2013 to Callinan and brings the total royalty payments for the 2013 calendar year to just under 11.5 million dollars including interest.

Interim quarterly payments were made throughout 2013 estimated by Hudbay to represent 75 percent of six and two thirds percent of the net profits from the Triple Seven Mine and Triple Seven North Mine in Flin Flon plus 25 cents per ton of ore milled. The remaining 25 percent is paid with interest annually in July.

The payments are derived from Callinan’s royalty interests on lands that include the two mines.