CAPITAL MARKETS

GBS takes aim on another Aussie gold asset

DUAL deals have been hatched that Canadian company GBS Gold International hopes will result in a 250,000 ounce per annum operation being developed based around the Union Reefs gold plant in the Northern Territory.

Michael Quinn
GBS takes aim on another Aussie gold asset

The deals see Northern Gold acquiring the 50% of the Union Reefs gold plant and 1.2 million ounces of contained resources it doesn’t own from partner Harmony Gold for $24 million in cash ($14.6 million)...

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