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COPPER miner Avanco Resources has reframed its deal with Jaguar Mining to accelerate its control of the CentroGold in Brazil, because it is keen to tackle land access issues and get the gold project into production within two years.
To help meets its ambitious schedule, the company has agreed to pay US$2 million in cash on signing its revised deal, plus a further $2 million payment within 60 days and ten payments of $500,000 each
Operation owned by takeover target Avanco could be money spinner
Aeris accelerates Cracow repayments
