An offtake agreement is an agreement between a producer of a resource and a buyer of a resource to purchase or sell portions of the producer's future production.
I still say AuRico never mines there. I am 99% convinced that they will sell Kemess and grab a royalty. Interesting that Alamos extended their line of credit to $400 million. Although, Alamos is not a copper producer...yet. Just my opinion.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.