M&A

Tom's Gully sale to go ahead

RENISON Consolidated Mines has finalised the sale agreement for its Tom's Gully underground gold mine to Canadian miner GBS Gold International, with the total consideration for the project coming in at $51 million.

MiningNews.Net
Tom's Gully sale to go ahead

The terms of the deal will see GBS purchase the Northern Territory mine in shares or cash instalments over the next two years to the tune of $40 million, as well as $50 per ounce over 200,000oz of proven...

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