Barrick Gold Corp. has agreed to pay Bullion Monarch Mining Inc. $25 million in a settlement reached Feb. 18 over a claim of non-payment of royalties on production from properties in the Carlin trend west of Elko.
Barrick Gold Corp. has agreed to pay Bullion Monarch Mining Inc. $25 million in a settlement reached Feb. 18 over a claim of non-payment of royalties on production from properties in the Carlin trend west of Elko.
Bullion initiated the litigation on the royalty dispute in 2008. The litigation continued after EMX Royalty Corp. acquired Bullion in 2012.
Out of the $25 million settlement, $6.175 million will go to Bullion’s Reno, Nevada lawyers to cover the contingency fee.
