Gold producer McEwen Mining has acquired the existing tiered net smelter return (NSR) royalty on the El Gallo mine, in Mexico, currently paying 3.5% of gross revenue less allowable deductions.
The miner advised on Tuesday that it had bought the NSR in return for a $5.25-million payment on closing and a conditional deferred payment of $1-million, to be made on June 30, 2018.
