Zinc up 7 percent on China supply losses

GoGold’s immediate priorities include releasing a definitive feasibility study “imminently” for its Los Ricos South project in Jalisco.

The takeover threat “has put the management and employees of Korea Zinc on the line to overcome the crisis,” the company said.

The funds will be used to transition the Gediktepe mine to copper and zinc concentrate production from gold and silver.

Rival Young Poong and private equity firm MBK Partners have been trying to take over the world's biggest zinc refiner.