CAPITAL MARKETS

Perseus intrigue as Montage adds to Kone picture with Barrick deal

THERE is just a hint of intrigue around Perseus Mining’s upcoming strategy after Montage Gold, a Toronto-listed company in which Perseus holds more than 31%, unveiled a deal this week to buy exploration ground from Barrick Gold and Endeavour Mining near its undeveloped Kone project in Cote d’Ivoire for cash and shares.

 Yaoure pre-development, Cote d'Ivoire

Yaoure pre-development, Cote d'Ivoire

The C$30 million deal involving $14.5 million of cash and the issuing of 22.1 million shares. The issuing of the shares will result in Perseus' stake in the enlarged Montage reduced to 26%, with Barrick...

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