Bunker Hill Mining Corp. said Oct. 15 that its lease agreement for the Bunker Hill silver mine in Idaho was terminated after it defaulted on payments.

Earlier in the month, the company said it was working with urgency to resolve its outstanding payments and settle the default.

In May 2017, the company agreed to acquire the Bunker Hill mine complex from Placer Mining Corp. for US$30 million in staged payments and up to a US$60 million net smelter return royalty.