Sancab:

An award in our favor by the ICSID will be shared with Barrick on a pre existing contract. As you may recall, Barrick obtained the "Buy back in clause" when it bought out Placer Dome. That clause allowed Placer Dome the option of "buying back" Las Cristinas from Vannessa if gold exceeded $400 oz. Vannessa would receive all its costs to date plus a further royalty per oz,