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- Bulletin Resources (BNR) receives a June 2022 quarter royalty entitlement from the Geko gold mine in Western Australia
- The company collected $128,745 as part of an ongoing royalty payment which began in 2019 and is delivered each quarter during mining
- To date, Bulletin has gained a gross royalty entitlement of $3.71 million for a net $2.56 million in royalty payments from the Geko operations
- The company said over the June quarter, roughly 388 ounces of gold were processed from Gecko
- Bulletin Resources last traded at 10 cents on August 4
Bulletin Resources (BNR) has received a June 2022 quarter royalty entitlement from the Geko gold mine in Western Australia.
The company collected $128,745 as part of an ongoing royalty payment deal which began in 2019 and is delivered each quarter during mining.
Over the June quarter, 388 ounces of gold were processed from the mine.
With the company retaining a royalty, profit share interest, and joint venture interest in the gold project, Bulletin’s royalty entitlement equates to 10 per cent of the first 25,000 ounces of gold produced, four per cent of the next 60,039 ounces produced, and two per cent of all production over and above 85,039 ounces of gold.
To date, Bulletin has received a gross royalty entitlement of $3.71 million for a net $2.56 million in royalty payments from the Geko operations.
Bulletin still holds a 30 per cent profit share after an initial $9 million threshold has been achieved by the mine and a 30 per cent joint venture on the remainder of the mining tenement at Gecko.
Bulletin Resources last traded at 10 cents on August 4.
