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FISH: Acquires Stream and NSR on Permitted Project in Nevada
SUMMARY
- Sailfish Royalty announced that it has entered a binding term sheet with Mako Mining to acquire a five-year gold stream and a subsequent 2% NSR royalty on the permitted Mt. Hamilton Gold-Silver Project in Nevada.
- The gold stream is for five years, whereby FISH will receive payments of $11.9M per year (at $3,300/oz Au), at which point the stream converts to a 2% NSR on all mineral production for the remaining LOM.
- Mount Hamilton is an open-pit heap leach project which has all the major state and federal permits to begin construction.
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