Miner Company
Spanish Mountain Gold Announces Sale of a 1.5% Royalty to Wheaton Precious Metals for US$55 Million
VANCOUVER, British Columbia--(BUSINESS WIRE)--Spanish Mountain Gold Ltd. (the “Company” or “Spanish Mountain Gold”) (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to announce that it has entered into a royalty agreement (the “Royalty Agreement”) with Wheaton Precious Metals Corp. (“Wheaton”), pursuant to which Wheaton will acquire a 1.5% net smelter returns royalty (“NSR”) on gold and silver production from the Spanish Mountain Gold Project (the “Project”) for aggregate cash proceeds of US$5.
Tickers: SPAUFWPM
VANCOUVER, British Columbia--(BUSINESS WIRE)--Spanish Mountain Gold Ltd. (the “Company” or “Spanish Mountain Gold”) (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to announce that it has entered into a royalty agreement (the “Royalty Agreement”) with Wheaton Precious Metals Corp. (“Wheaton”), pursuant to which Wheaton will acquire a 1.5% net smelter returns royalty (“NSR”) on gold and silver production from the Spanish Mountain Gold Project (the “Project”) for aggregate cash proceeds of US$5.