New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 12, 2012
05:28 EDTXPLSandstorm Gold acquires NSR Royalty from Solitario and Ely Gold for $10M
Solitario Exploration & Royalty Corp. and Ely Gold & Minerals are pleased to announce that Sandstorm Gold has purchased a 2.4% net smelter returns royalty, or NSR, on the Mt. Hamilton gold project for $10M. The Mt. Hamilton gold project, located in Nevada, U.S.A., is held by Mt. Hamilton LLC that is 80%-owned by Solitario and 20%-owned by Ely. MH-LLC received an upfront payment of $6M upon signing the agreement and will receive a future cash remittance of $4M on January 15, 2013. As part of the agreement, MH-LLC will have the option, for a period of 30 months, to repurchase up to 100% of the NSR for $12M, provided that Solitario enters into a gold stream agreement with Sandstorm that has an upfront deposit of no less than $30M. In addition, MH-LLC has provided Sandstorm with a right of first refusal on any future royalty or gold stream financing for the Mt. Hamilton project.
News For XPL From The Last 14 Days
Check below for free stories on XPL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 17, 2014
07:48 EDTXPLDenver Gold Group to hold a forum
Subscribe for More Information
September 8, 2014
10:20 EDTXPLSolitario management to meet with Roth Capital
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use