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Aureus shares crash on refinance deal

Aureus Mining has struck a refinancing deal to strengthen its balance sheet and help with the ramp-up of mining at its New Liberty deposit in Liberia but the package, which includes an equity placing, will leave shareholders diluted. The stock was hammered in London, down 45% leaving the firm with a market value of about £26 million (US$39 million).

Richard Wachman
CIL tanks at Aureus' New Liberty mine in Liberia

CIL tanks at Aureus' New Liberty mine in Liberia

CEO David Reading said: “Aureus has faced the challenges of a low gold price environment combined with issues associated with the impact of the Ebola outbreak in Liberia and the commissioning and ramp-up...

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