TÜRK ALTIN İŞLETMELERİ BIST:TRALT:
SAID ON WEDNESDAY SIGNS A GROUP IV OPERATING MINING LICENCE TRANSFER AGREEMENT WITH TURKIYE MADEN SANAYI VE TICARET, A SUBSIDIARY OF TURKEY'S WEALTH FUND, FOR A MINING SITE LOCATED IN IVRINDI DISTRICT OF BALIKESIR PROVINCE
IT WILL PAY 50 MILLION DOLLARS FOR LICENCE, ALONG WITH 2.5% OF NET SMELTER RETURN, UNDER A STAGGERED PAYMENT SCHEDULE ENDING IN 2028 OR UPON START OF GOLD PRODUCTION
MINING SITE HAS AN ESTIMATED RESOURCE OF 700,000 OUNCES OF GOLD AND RESERVES OF AROUND 500,000 OUNCES, BASED ON INDEPENDENT TECHNICAL REPORTS
Source text for Workspace:
Further company coverage: