Yukon-Nevada Will Sell Future Gold Production to 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.

Click here to read the full Mining Weekly report.