Americas Bullion Royalty Corp. (AMB.TO) announces that Midway Gold Corp. (MDW.V) announced the receipt of a key permit required for production at its Pan Gold Project in Nevada. A Water Pollution Control Permit has been received from the State of Nevada. This announcement closely follows publication of the Draft Environmental Impact Statement (DEIS). According to Midway, the Pan project is on track to start construction in late 2013 with production targeted for mid-2014. Americas Bullion holds a sliding scale royalty on the Pan Project under which a 4% Gross Production Royalty is payable when gold is above US$450/oz.
Shares are up 1 cent to 31.5 cents mid-morning, on volume 4,050.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
