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Nordgold takes majority stake in Northquest

Nord Gold has exercised further warrants in Northquest, boosting its stake in the Canada explorer to beyond 50%.

Mining Journal
Northquest’s 2015 exploration programme has shown the high grade potential of Pistol Bay, according to Nikolai Zelenski

Northquest’s 2015 exploration programme has shown the high grade potential of Pistol Bay, according to Nikolai Zelenski

Spending C$5 million (US$3.8 million) on exercising its remaining warrants, Amsterdam-based Nordgold upped its interest in Northquest to 52.3% from 42.9%. Northquest is the holder of the Pistol Bay gold...

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