Saracen buys Thunderbox royalty

COSTS at Saracen Mineral Holdings’ new Thunderbox mine are set to fall after the company purchased an outstanding royalty over the project.

Saracen buys Thunderbox royalty Saracen buys Thunderbox royalty Saracen buys Thunderbox royalty Saracen buys Thunderbox royalty Saracen buys Thunderbox royalty

Saracen exercised its pre-emptive right to buy the 1.5% net smelter royalty by paying former Thunderbox owner Norilsk Nickel 8 million new shares and $US500,000 cash.