CAPITAL MARKETS

Goldfields makes play for Beaconsfield gold mine

SYDNEY-based Goldfields has offered Allstate Explorations $32 million for its 51.51% stake in the Beaconsfield Joint Venture (BJV), which operates the Beaconsfield gold mine north of Launceston in Tasmania.

Greg Tubby

If successful, Goldfields would acquire both the BJV interest, including the hedgebook, and the right to be the manager of the BJV. However, the offer does not include Allstate's share of the BJV claim...

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