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Yukon-Nevada Plans $120 Mln Prepaid Gold Buy Deal with Deutsche Bank
Aug. 03, 2011 04:30PM PST
Precious MetalsReuters reported that Yukon-Nevada gold (TSE:YNG) has agreed to supply gold to Deutsche Bank over a period of 48 months.
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.