Metallic Minerals Expands Gold Royalty with New Agreement

Metallic Minerals Corp. announced a new production royalty agreement on alluvial gold claims at Australia Creek in the Yukon. This move expands their leased ground to over two miles, enhancing their gold royalty business amid rising gold prices. The agreement involves a seasoned mining operator with four decades of experience, complementing the company’s existing operations in the region.

Production is set to begin this summer. Under the agreement, the operator must commit to a minimum of $500,000 in annual work and pay a 12% royalty on gold production. This development adds to the Klondike Gold District's significance, known for substantial historical gold output and new exploration opportunities.

The additional royalties will support Metallic Minerals' exploration projects in silver and copper across Yukon and Colorado, reinforcing their commitment to responsible resource development.