Yukon-Nevada Plans $120 Mln Prepaid Gold Buy Deal with Deutsche Bank

Reuters reported that Yukon-Nevada gold (TSX:YNG) has agreed to supply gold to Deutsche Bank over a period of 48 months.

The market news is quoted as saying:

Under the deal, 173,880 ounces of gold will be delivered over 48 months. The quantity represents about 5.1 percent of the gold resources at Queenstake Resources USA Inc’s wholly-owned Jerritt Canyon property in Nevada, the gold producer said.

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