Junior Mako Gold has inked a definitive sales agreement to divest of its Niou permit and Niou Sud permit, in Burkina Faso, to Nord Gold SE (Nordgold).
Under the terms of the sales agreement, Mako will receive $700 000 in up-front cash, and will retain a 1% net smelter royalty if Nordgold discovered a gold resource of at least two-million ounces and advances the project to production.