TSX-V-listed Calibre Mining has agreed to buy project partner Centerra Gold’s 51% interest in the Siuna gold/silver/copper property in north-eastern Nicaragua, giving it full ownership of the Cerro Aeropuerto gold/silver deposit, the past producing La Luz mine and numerous exploration targets.
Calibre will purchase Centerra’s interest in the 253 km2 Siuna for two-million common shares and a 2% net smelter return royalty on production from the property.