Mackay Gold & Silver Acquires Big Bonanza Properties in Nevada
Bitget2026/10/27 12:07- Mackay Gold & Silver completed its Big Bonanza acquisition from Consolidated Virginia Mining and Marshall Earth Resources, announced October 27, 2026.
- The 392-hectare acquisition expands holdings to 4,747 hectares, consolidating ownership of the entire 6-kilometer Comstock Lode in Nevada.
- Closing consideration comprised USD 2 million cash and 934,575 common shares valued at USD 2 million.
- A further USD 2.3 million cash payment is due on the first anniversary of closing.
- The sellers retained a 2% net smelter returns royalty; half can be repurchased at any time for USD 2 million.
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