TSX:CGMetals and Mining
What Centerra Gold (TSX:CG)'s US$25M Crane Creek Earn-In Option Means For Shareholders
Headwater Gold recently announced a definitive earn-in agreement allowing a Centerra Gold subsidiary to spend up to US$25,000,000 to earn as much as a 70% interest in the fully permitted Crane Creek gold project in Idaho.
The staged earn-in, which includes a firm US$2,500,000 exploration commitment and a path to 70% ownership via a preliminary economic assessment, deepens Centerra’s North American exploration pipeline and project optionality.
We’ll now examine how Centerra’s option to fund...