Donner Metals forfeits stake in Bracemac-McLeod Mine

Sep 04, 2013 | 10:44 AM | Claire Hack

Tags  Donner Metals, Bracemac-McLeod, zinc-copper mine, Matagami, Sandstorm Metals & Energy, Sandstorm Gold, Glencore Xstrata, metal purchase agreement forfeit

LONDON — Donner Metals Ltd. has forfeited its interest in the Bracemac-McLeod zinc-copper mine in the Matagami region of Quebec after failing to pay its share of monthly expenditures under a development and operating agreement.

The Vancouver, British Columbia-based mining company entered a metal purchase agreement in July 2011 with Sandstorm Metals & Energy Ltd., Sandstorm Metals & Energy (Canada) and Sandstorm Gold Ltd. for the mine.....

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