Reno-based Battle Mountain Gold acquired an option to purchase an additional 2 percent royalty interest in a mine under development in Mexico.
The company said it can pay $9.45 million to exercise the option on gold and silver royalties at the Dolores Mine developed by Minefinders Corp Ltd. The mine is expected to come on line in 2007; Battle Mountain already owns a 1.25 percent royalty on its gold production.
