Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Polymetal has agreed to acquire two gold deposits in Magadan suitable for providing feed for the Kubaka mill. It will acquire a 100% interest in Rudnik Kvartsevaya (RK), the owner of the Sopka and Dalniy mining licences for 10 million Polymetal shares. RBC Capital Markets views the proposed transaction as positive as the projects will provide substantial synergies and more high grade feed for Polymetal’s existing Kubaka mill complex in Magadan. (more…)
