CDE Sells Crown and Sterling to AUThese claims are in Nevada. CDE will get $150 million up front for 914,000 oz. of Inferred Au resource, or $164 per oz. There is no silver, copper or other minerals in the resource. The resource is in the Sterling deposit, a past producing open pit and underground heap leach gold mine.
CDE will get an additional $50 million if the total resource reaches 3.5 million oz. The total of $200 million for 3.5 million oz. would be $57 per oz. but AU will have to put in the money to find the other 2.586 million oz.
This is another current transaction showing a healthy price for gold in the ground.
https://www.marketwatch.com/story/coeur-mining-stock-shoots-up-after-deal-to-sell-crown-and-sterling-for-up-to-200-million-2022-09-19?siteid=yhoof2
CDE Sells Sterling and Crown to AU