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Superior Gold repurchases royalty | Wallace Refiners

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Dec 2, 2020 Precious Metals News Comments Off on Superior Gold repurchases royalty | Wallace Refiners



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(Wallace Refiners) – Western Australia mine operator Superior Gold (TSXV:SGI) said today it will repurchase a 2% net smelter return royalty from Northern Star Resources Limited on future gold recovered from Superior’s Plutonic Gold Operations for $4.6 million (AUD$6.5 million).

Projected cash flow is expected to improve by at least $2 million over the next twelve months, the company said. It added that the removal of this royalty is “…an important value enhancement for Superior Gold shareholders as a 2% royalty of this nature is customarily valued at a range of 10-20 times cash flow.”

Plutonic Gold operations are located in Western Australia and comprise of a mill and underground operations.




Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



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