Local News

Callinan Has Received its Latest Payment From Hudbay

Callinan Royalties has received interim quarterly payments from Hudbay for the quarter ending September 30th of just over 2 million dollars from the six and two thirds net profits interest royalty and just over 101 thousand dollars from the production royalty of 25 cents per ton of ore milled.  This is down from total payments of almost 2.2 million dollars in the same quarter last year.  The payments are due to Callinan’s royalty interests on lands that include the Triple Seven and Triple Seven North mine in Flin Flon set by the net profits and royalty agreement dated January 1st, 1988.

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