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Tahoe increases its Timmins district interests
Tahoe Resources has acquired Goldcorps 2% net smelter return royalty related to production at Tahoe's 100% owned Bell Creek mine in the Timmins district of Ontario. The companies have also signed a letter of intent to increase Tahoe's ownership interest in their Whitney Joint venture to 100%, with Goldcorp's current interest of approximately 30% being reduced to a 2% NSR royalty. Tahoe acquired Goldcorp's Bell Creek royalty for $12.5 million in cash. Under the terms of the letter of intent, Tahoe will assume all closure liabilities with respect to the Whitney Joint Venture properties, including historic liabilities not previously assumed by the joint venture.
Tahoe increases its Timmins district interests
Tahoe Resources has acquired Goldcorps 2% net smelter return royalty related to production at Tahoe's 100% owned Bell Creek mine in the Timmins district of Ontario. The companies have also signed a letter of intent to increase Tahoe's ownership interest in their Whitney Joint venture to 100%, with Goldcorp's current interest of approximately 30% being reduced to a 2% NSR royalty. Tahoe acquired Goldcorp's Bell Creek royalty for $12.5 million in cash. Under the terms of the letter of intent, Tahoe will assume all closure liabilities with respect to the Whitney Joint Venture properties, including historic liabilities not previously assumed by the joint venture.
Tahoe increases its Timmins district interests
2016
Aufsatz (Zeitschrift)
Englisch
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