Santa Fe Gold Corp. signed contracts with three smelters for the sale of its anticipated 2012 production of precious metals concentrate and siliceous flux material.

The deals -- with Aurubis AG in Germany, Freeport - McMoRan Miami Inc. and ASARCO LLC in Arizona -- are worth as much as $30 million at current gold and silver prices.

Santa Fe's Lordsburg flotation mill produces gold and silver concentrate from its Summit mine located in southwest New Mexico. The company also produces silica flux material, the sale of which involves direct shipment of ore with only minimal processing required.