Coro has been advancing its projects through a combination of internal development as well as outsourcing projects to JV partners. The Company’s corporate strategy is to emphasize profitability over production rate in order to maximize shareholder value. COP’s first success was in fast-tracking its Berta Copper Project to production, and acquiring the Nora SXEW plant to process that ore.
Revenues from the Berta Project have helped to facilitate development of Coro’s new, flagship Miramaca Copper Project. The Company has produced a series of long copper intercepts in its Miramaca drilling program, demonstrating the commercial potential of the project. Simultaneous with this, COP recently signed a letter of intent to acquire a second production facility to process Miramaca ore into copper cathode.