Gold miner Alacer Gold’s stock closed nearly 6% up on Wednesday in Toronto, following the sale of its 50% nonoperating interest in the Gediktepe project, in Turkey, to its joint venture (JV) partner.
Alacer, which also maintains a secondary listing on the ASX, said that it retain a 10% net smelter royalty (NSR) on all oxide ore production, a 2% NSR on all sulphide ore production and that it would receive $10-million in cash as various milestones were met.