Coeur would receive $150 million cash upfront, plus additional deferred cash consideration of $50 million should the Sterling and Crown gold resource reach more than 3.5 million ounces.
The Saudi government believes it has unused mineral resources worth about $1.3 trillion, with vast quantities of aluminum, phosphate, gold, copper and uranium.
"Directors Without Stock" builds on policy of voting against directors who have served for two or more years but hold less than two years of director’s fees in company stock.