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    gold investing

    Yukon-Nevada Will Sell Future Gold Production to Deutsche Bank

    Investing News Network
    Feb. 08, 2012 09:57AM PST
    Precious Metals

    Mining 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.

    Click here to read the full Mining Weekly report.

    deutsche banktsx:ynggold investing
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