Through a program that began in 2011, Barrick Gold Corp.-owned Golden Sunlight has paid out more than $45 million to small miners in the last seven years...

This is the point where you might ask, “What do these types of contracts typically look like and how are they negotiated?” Well, that is the topic of this month’s article.

This was no ordinary nugget. It had not traveled very far from its nearby source, and that did mean a lot, as we were searching for the source of several such nuggets found during a gold rush that occurred in 1859.

I didn’t follow-up on this opportunity at that time, as I already had as much on my plate as I could handle, but the potential for this property has never left my mind.

Even though they have put down thousands of dollars, the buyers often stop paying on their claims part way through the process after they realize they’ve been duped, but the company just sells it again to another buyer.