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AuRico Metals acquires fourth Ontario gold stream

By:  
Creamer Media Deputy Editor: North America
 
GOLD ROYALTIES
Two months into its existence, TSX-listed AuRico Metals has agreed to buy private firm Mineral Streams for C$6.85-million in a cash-and-scrip deal that will give it three gold streams. Through the acquisition, AuRico explained on Tuesday, it would acquire a 0.25% net smelter return (NSR) royalty on the Williams mine, at Barrick Gold Corp’s Hemlo complex, a 0.5% NSR royalty on Wesdome Gold Mines’ Eagle River mine and a 1.5% NSR royalty on Barrick's David Bell property, which also formed part of the Hemlo complex.
 
 
 
 
 

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