Allied increases Simberi stake

ALLIED Gold has increased its stake to 87.5% at the Simberi mining joint venture in Papua New Guinea and said it is now aiming to commence development of the Simberi oxide gold project in the first half of next year.

Allied increases Simberi stake Allied increases Simberi stake Allied increases Simberi stake Allied increases Simberi stake Allied increases Simberi stake

Allied will pay Simberi Gold Corp C$4 million for the additional 37.5% and now controls 1.3 million ounces.

loader