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Rubicon Minerals Corporation Message Board

articulation_2005 1 post  |  Last Activity: Feb 11, 2014 3:42 PM Member since: Oct 13, 2004
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  • articulation_2005 by articulation_2005 Feb 11, 2014 3:42 PM Flag

    Royal Gold acquires gold stream on Rubicon Minerals’ Phoenix Gold project
    Feb 11 2014, 15:39 ET
    Royal Gold (RGLD +3.9%) enters into a $75M gold stream transaction with Rubicon Minerals (RBY +3.4%) that will finance a significant portion of the construction of RBY's Phoenix Gold Project in Ontario.RGLD will make advance deposit payments totaling $75M in five installments over the next 12 months toward the construction of Phoenix Gold; RBY will sell and deliver 6.3% of any gold produced from the project until 135K oz. have been delivered, and 3.15% thereafter.

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