M&A

Metal Bank sells Triumph

PRIVATELY-run Western Australia-based XXXX Gold has been granted an option to purchase Metal Bank's Triumph tenements in central Queensland for up to A$6.4 million and a 1% royalty on any future production.

Metal Bank had success at Triumph, but wants easier pickings

Metal Bank had success at Triumph, but wants easier pickings

XXXX will pay Metal Bank $400,000 on the transfer of the titles, and milestone payments on any gold equivalent resources defined between 500,000 ounces and 2Moz for the balance of up to $6 million. ...

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