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Coeur Mining, Inc. Message Board

rockyracoon2004 1 post  |  Last Activity: Jun 23, 2016 1:22 PM Member since: Apr 9, 2004
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    september IS a big deal and clock is ticking

    by edmundaronson Jun 21, 2016 4:04 AM
    rockyracoon2004 rockyracoon2004 Jun 23, 2016 1:22 PM Flag

    September is indeed the time when Coeur becomes unshackled from its obligation to pay royalties to Franco on the minimum of 12,500 ounces per quarter. The minimum goes away.

    Edmund, I may be mistaken, but it has been my understanding that Coeur will sell its future gold production in the open market, then remit to Franco any excess over $800 per ounce, rather than being paid $800 per ounce by Franco. I realize the net to Coeur is the same (that it gets to keep $800 per ounce produced). Pls correct me if I'm off base.

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