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%.
Gold reached a fresh record high on Thursday as investors continue to seek for the metal as a refuge after Moody’s placed US top-notch credit rating on review for a downgrade and hints of QE3 from the Fed.
The yellow metal has also been supported by ongoing concerns over the euro zone debt crisis that deepened after Fitch downgraded Greece rating to CCC on Wednesday.
