SilverCrest Mines Inc. (SVL.V) said it received the US$12 million advance purchase payment under the definitive gold purchase agreement with Sandstorm Resources Ltd. (SSL.V).
In addition, the company noted that Sandstorm agreed to buy 20% of the life of mine gold production from SilverCrest's Santa Elena project for US$12 million upfront in cash plus (a) ongoing per ounce payments equal to the lesser of (i) US$350, and (ii) the then prevailing market price per ounce of gold, and (b) the issuance of 3.50 million common shares of Sandstorm as part of the upfront consideration.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.