Klondike Gold Secures $500,000 Lease Agreement for Montana Creek Property

Klondike Gold ( (TSE:KG) ) has issued an announcement.

Klondike Gold Corp. has entered into a six-year lease and option to purchase agreement with Armstrong Mining Corp. for its Montana Creek Placer Property, a non-core asset. The agreement includes a $500,000 pre-production royalty payment to Klondike and a 10% production royalty on all minerals extracted. This strategic move provides Klondike with non-dilutive capital and allows Armstrong to advance the property, potentially benefiting both companies and the Dawson region.

More about Klondike Gold

Klondike Gold Corp. is a company in the mining industry, primarily focused on gold exploration and development. The company operates in the Yukon region, with a significant focus on bedrock gold advanced exploration across a large district.

YTD Price Performance: -2.86%

Average Trading Volume: 100,756

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$14.63M

See more data about KG stock on TipRanks’ Stock Analysis page.