EXPLORATION & DEVELOPMENT

Avanco speeds up CentroGold deal

Copper miner Avanco Resources (AU:AVB) has revised its agreement with Jaguar Mining (CN:JAG) to fast track its acquisition of CentroGold in Brazil as it aims for production within two years.

Full steam ahead: The company is currently carrying out infill drilling at CentroGold

Full steam ahead: The company is currently carrying out infill drilling at CentroGold

To help meets its ambitious schedule, the company has agreed to pay US$2 million in cash on signing its revised deal, plus a further $2 million payment within 60 days and 10 payments of $500,000 each once...

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