Sabina Gold to Sell Some Nunavut Properties to Xstrata

Reuters reported that Xstrata (LON:XTA) intends to buy the Hackett River property from Sabina Gold (TSX:SBB).

The market news is quoted as saying:

As part of the deal, Xstrata will pay C$50 million ($51.1 million) in cash and Sabina will reserve a silver production royalty equal to 22.5 percent of the first 190 million ounces of payable silver from the resource at Hackett River.

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