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Centerra sells royalty portfolio, Kemess silver stream for $200m

By:  
Creamer Media Deputy Editor: North America
 
ROYALTIES
Canadian gold miner Centerra Gold has agreed to sell its royalty portfolio and silver stream on the Kemess project, in British Columbia, to Triple Flag Mining Finance Bermuda for $200-million. The royalty sale comprises the sale of subsidiary AuRico Metals’ (AMI’s) royalty portfolio, together with new 0.5%, 2% and 2% net smelter return royalties on AMI’s Kliyul, Chuchi and Redton exploration properties, respectively, for up-front cash proceeds of $155-million, subject to customary adjustments, including an economic effective date of April 1. 
 
 
 
 
 

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