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Agnico to buy Sonoro’s Chipriona project in Mexico

By:  
Creamer Media Deputy Editor: North America
 
GOLD M&A
Canadian gold producer Agnico Eagle has agreed to buy the Chipriona gold project, in Mexico, from TSX-V-listed Sonoro Metals for $4-million and a 1% net smelter return (NSR) royalty. The NSR royalty may be bought by Agnico at any time for an additional $1.5-million. Chipriona comprises 515 ha of concessions located in the heart of the prolific Mulatos district, in the Sierra Madre gold belt of eastern Sonora state, next to Agnico’s La India mine and 6 km south-east of Agnico's Tarachi deposit.
 
 
 
 
 

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