Not the total ins & outs but the general principle was:
Gold Price Contingent Payment Instrument (up to A$50 million) • Gold Price Bands: A Gold Price Contingent Payment is payable to Resolute four years following Financial Close based on the following bands: - A$10 million if the average gold price is greater than A$1,900/oz; - A$20 million if the average gold price is greater than A$1,975/oz; - A$30 million if the average gold price is greater than A$2,050/oz; - A$40 million if the average gold price is greater than A$2,075/oz; and - A$50 million if the average gold price is greater than A$2,100/oz.
• Production Threshold: Payment of the Gold Price Contingent Payment is subject to the cumulative ounces produced from Ravenswood following Financial Close exceeding 500,000oz of gold over the four-year period and is subject to adjustment if the production plan adopted by the Buyer is reduced or lower than expected.
RSG Price at posting:
39.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)