Lincoln in Discussions to Reduce Pine Grove Royalties

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Jan 20, 2021
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VANCOUVER, BC / ACCESSWIRE / January 20, 2021 / Lincoln Gold Mining Inc. ("Lincoln" or the "Company") (TSXV:LMG, Financial) announces that it has entered into discussions with two of its partners that own patented claims within the Company's Pine Grove Gold Project located in Nevada. The discussions involve a reduction in the net smelter returns royalties (NSRs) that currently exist on production. At present, the NSRs range from 2.5% to 7% on the planned open pit areas. Discussions have involved the buy down of these royalties from 0% to 2% maximum.