Agincourt moves in Martabe makeover

AGINCOURT Resources believes it can become a 500,000 ounce per annum producer following the $US80.25 million ($A106.83 million) acquisition of the Martabe gold-silver project in Sumatra, Indonesia, from Newmont Mining.

Agincourt moves in Martabe makeover Agincourt moves in Martabe makeover Agincourt moves in Martabe makeover Agincourt moves in Martabe makeover Agincourt moves in Martabe makeover

To fund the acquisition and development of Martabe, Agincourt plans to place about 87 million shares priced at $A1.15 each through brokers Wilson HTM and Deutsche Bank.

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