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Ramelius Resources (AU:RMS) has agreed to buy Evolution Mining’s (AU:EVN) Edna May gold mine in Western Australia for up to A$90 million (US$72 million).
Edna May was a foundation asset for Evolution Mining
Evolution confirmed last week that buyers were sniffing around the asset, ending months of speculation it was running a sales process.
Shares gain after disposal, market had expected equity raise
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