M&A

GBM acquires Twin Hills

GBM Resources hasn't yet started mining at its Mount Coolon gold project in Queensland, but it is already thinking a few steps ahead, taking the Twin Hills project off the hands of its new toll treatment partner for shares and a deferred cash payment.

Haydn Black
GBM acquires Twin Hills

GBM will pay A$1.5 million in total to the Chinese-backed Minjar Gold in the back half of 2018 in three payments, and it will need to replace the $991,000 bond in March. A $150,000 payment will become...

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