Agnico Eagle - IIBAAgnico Eagle just signed a new IIBA for a deposit to be mined starting in 2019.
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Agnico Eagle - inks deal Some very transparent numbers listed.
This will go a long way in Sabina signing its own IIBA agreement with KIA.
With the apparent good relationship between AEM and KIA..I would suggest that SBB might be just as happier selling to AEM as opposed to trying to finance the mine.
The thing that sticks out to me 1.4% net smelter return on production that AEM has given to KIA.
Chidliak has no royalties attached to it and will never had to pay a net smelter return to anyone unless they find some kimberlites on IOL. They do have some claims on IOL right now...but mostly on the north/east side by Qilaq.
Yes, payments and community payments and a benefits agreement, etc. ...but no royalty or smelter return. That smelter return is a signficant boon for KIA. They now have a direct option on the price of gold. If Gold goes to $2000 per ounce....KIA will be rolling in cash.
LONG....PGD
EKIM