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Amarillo enters $10.8m royalty deal

Amarillo Gold (TSXV: AGC) has agreed to sell a 1.75% net smelter return royalty on its flagship Mara Rosa gold project in Brazil to a Royal Gold subsidiary for US$10.8 million.

Amarillo enters $10.8m royalty deal Amarillo enters $10.8m royalty deal Amarillo enters $10.8m royalty deal Amarillo enters $10.8m royalty deal Amarillo enters $10.8m royalty deal

Proceeds to recapitalise company, progress Mara Rosa

Amarillo shares shot up almost a third in value following the news, after the company-requested trading halt was lifted on Friday afternoon.

The company said it would use the proceeds to...