With the deal Centerra gets its hands on Mount Milligan, a large mine in British Columbia and reduces its reliance on Kumtor mine, in Kyrgyzstan, for cash flow.
The USD is up 5% in the last 3 months and gold is holding just above $1269/oz, as we write. The presidential election might be center stage but the possibility of a rate hike before the year end is being eagerly observed.
Columbus Gold is a junior miner headquartered in Vancouver, with an exploration office in Nevada, and two primary assets – one in the US (Nevada) and one in South America (French Guiana).