Nomad amends terms for the Mercedes gold and silver stream with Equinox and enters into a new South Arturo silver stream with i-80 Gold
On April 7, 2021, Nomad Royalty Company Ltd. announced that, through its wholly owned subsidiary OMF Fund II SO Ltd, it had entered into a second amended and restated purchase and sale agreement (for gold and silver) with certain subsidiaries of Equinox Gold Corp. (“Equinox”) in respect of the Mercedes Mine in Mexico and a new purchase and sale agreement (for silver) with i-80 Gold Corp. ("i-80 Gold") in respect of the South Arturo Mine in Nevada, USA.
The amendments were made in connection with the acquisition by Equinox of Premier Gold Mines Limited ("Premier") and the creation of i-80 Gold, a new US-focused company that now owns the South Arturo Mine, among other US assets previously held by Premier.
Further information can be found on Canada Newswire’s website.
Nomad is a gold & silver royalty company that purchases rights to a percentage of the gold or silver produced from a mine, for the life of the mine. Nomad owns a portfolio of 14 royalty and stream assets, of which 6 are on currently producing mines.