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Yukon-Nevada Will Sell Future Gold Production to Deutsche Bank
Feb. 08, 2012 09:57AM PST
Precious Metals InvestingMining Weekly reported that Yukon-Nevada (TSX:YNG) is raising funds via a future-sales deal with Deutsche Bank.
Mining Weekly reported that Yukon-Nevada (TSX:YNG) is raising funds via a future-sales deal with Deutsche Bank.
As quoted in the market news:
In addition to the up-front payment – which equates to $715.56/oz – the German bank will also pay Yukon-Nevada the amount that the gold price is higher than $850/oz on delivery, up to a maximum $1 750/oz, the Vancouver-based company said.
