Kin Mining NL capitalises on robust gold prices and enhances Cardinia economics with royalty purchase
Kin Mining capitalises on robust gold prices and enhances Cardinia economics with royalty purchase The purchase is poised to enhance project economics at Kin’s flagship gold asset and reduce admin costs as gold futures continue to climb. The $600,000 paid to Sprott represents just 22% of the royalty’s face value Kin Mining NL (ASX:KIN) (FRA:8KM) has purchased a third-party 1.5% net smelter royalty (NSR) covering future production at its wholly-owned Cardinia Gold Project. The explorer bought the royalty from prolific gold sector investor Sprott Private Resource Lending for $60...
Source: proactiveinvestors.com.au