PROJECT FINANCE

Doray terminates Deflector gold deal

DORAY Minerals has paid $US7 million ($A9 million) to terminate a metal purchase agreement held with Sandstorm Gold over its Deflector gold project in the Murchison region of Western Australia.

Jack McGinn

Doray terminates Deflector gold deal

The agreement would have entitled Sandstorm to 2.6% of gold production from Deflector at a flat rate of $500 per ounce for the life of the mine. The gold spot price is currently sitting at $1188/oz....

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