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Nyrstar completes Coricancha mine sale
Nyrstar NV has successfully completed the sale of its Coricancha mine in Peru to Great Panther Silver Ltd, a primary silver mining and exploration company listed on the Toronto Stock Exchange, for a total cash consideration of $100,000-plus earn-out consideration of up to $10 million. Under the earn-out, Nyrstar will be paid 15% of the free cash-flow generated by the Coricancha mine during the five-year period after which the Coricancha mine is cumulative free cash-flow positive from closing of the transaction.
Nyrstar completes Coricancha mine sale
Nyrstar NV has successfully completed the sale of its Coricancha mine in Peru to Great Panther Silver Ltd, a primary silver mining and exploration company listed on the Toronto Stock Exchange, for a total cash consideration of $100,000-plus earn-out consideration of up to $10 million. Under the earn-out, Nyrstar will be paid 15% of the free cash-flow generated by the Coricancha mine during the five-year period after which the Coricancha mine is cumulative free cash-flow positive from closing of the transaction.
Nyrstar completes Coricancha mine sale
2017
Article (Journal)
English
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