Spanish Mountain Gold sells 1.5% royalty to Wheaton Precious Metals for $55 million
Spanish Mountain Gold has agreed to sell a 1.5% net smelter returns royalty (NSR) on its gold and silver production from the Spanish Mountain Gold project in British Columbia to Wheaton Precious Metals for $55 million. The payment will be made in three instalments, with the first expected soon. The deal is expected to support the project's feasibility study and future development.
Tickers: $WPM
Topics: Corporate Finance Gold Mining Royalty Agreement Silver