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RNC adds to WA gold portfolio

Toronto-listed RNC Minerals has agreed to buy Westgold Resources’ Higginsville gold operations near Kalgoorlie in Western Australia for A$50 million (US$35 million).

Kristie Batten
The Higginsville operation

The Higginsville operation

Sprott-backed RNC will pay A$25 million in cash and issue Westgold A$25 million in shares. The company will pay Westgold a non-refundable deposit of $4 million in shares ahead of a 40-day due diligence...

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