The latest Alberta Crown Mineral Rights Sale was completed yesterday and the total amount earned was $4,885,169.42 for 45 parcels. The proceeds to the province for the 7th sale of 2016 are down 20% from the April 6 Landsale and the total is slightly below the average so far this year of $5.61 million per sale.
The chart below illustrates the trend of sale results so far this year.
The total area of the 45 parcels was 19.8 thousand hectares. While the proceeds were lower than the previous sale, the average sale price was much stronger at $246.74 per hectare, versus $92.62 per hectare on April 6.
A total of 29 separate companies participated and the largest non anonymous bidder was Nine Ring Energy Development Inc. who paid $151.79/hectare to acquire 5 sections in the High Prairie Region of North Western Alberta.
A complete list of successful bidders is listed in the chart below.
The data for this post has been provided courtesy of CWD Inc.
