M&A

Perseus buys Resolute's stake in Orca

ASX-listed gold producer Perseus Mining has taken a convoluted step towards a potential 200,000-300,000 ounce per annum open cut gold project development in Cote d’Ivoire after acquiring a 15% stake in Canadian junior Orca Gold, with Orca the holder of a 31.5% of another Canadian company Montage Gold, owner of the advanced multi-million ounce Kone deposit.

 Kone gold project, Cote d'Ivoire

Kone gold project, Cote d'Ivoire

The 15% in Orca is being bought from indebted Resolute Mining for C$17.5 million, equating to about A$19.6 million. Perseus said it has been in "exclusive discussions" with Orca about acquiring all...

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