Herbal Dispatch Provides Update on Gold Royalty Interest in Artemis Gold's Blackwater Mine
Herbal Dispatch is reviewing strategic alternatives for a 1.5% net smelter return royalty on the Blackwater mine, held on legacy mineral claims. The company views the royalty as a call option on Artemis Gold's continued expansion of the mine, which is actively advancing a Phase 2 mill expansion.
Key figures
- Royalty rate
- 1.5%
- Claims area hectares
- 3,755.5
- Royalty reduction rate
- 0.5%
- Royalty reduction price
- C$2,000,000
AI analysis
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