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AuRico, Crocodile revise payment arrangement from sale of two Aussie gold mines

2014-12-22 15:07:03| Oil & Gas - Topix.net

AuRico Gold Inc. will receive $20-million cash and a stream of royalty payments from Crocodile Gold Corp. under a revised agreement between the two companies. Under that plan, AuRico could have received more than $45 million from the mines' cash flow but over a longer period of time and after certain conditions were met.

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