https://www.miningweekly.com

Bunker Hill Mining in default of lease agreement

3rd October 2018

By: Creamer Media Reporter

     

Font size: - +

Junior firm Bunker Hill Mining confirmed on Tuesday that it was in default of its lease with option to purchase agreement with Placer Mining, after it missed payments totalling $400 000.

The option is to acquire 100% of the Bunker Hill mine, which once was the largest producing mine in the Coeur D'Alene zinc, lead and silver mining district in northern Idaho.

As per the agreement, Bunker Hill Mining has 15 days, from September 28, to remedy the default by making the outstanding payment. 

“Bunker Hill is working with urgency to resolve this matter,” the company stated.

Historically, the Bunker Hill mine produced more than 35-million tons, grading on average 8.76% lead, 3.67% zinc, and 155 g/t silver.

                                                                                                          

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.052 1.089s - 110pq - 2rq
Subscribe Now