New Kalgoorlie gold miner on the horizon following $40M deal

INTERMIN Resources has made the move to become a gold miner in its own right by agreeing to buy the Three Mile Hill processing plant and accompanying Coolgardie gold project for A$40 million from Focus Minerals.

New Kalgoorlie gold miner on the horizon following $40M deal New Kalgoorlie gold miner on the horizon following $40M deal New Kalgoorlie gold miner on the horizon following $40M deal New Kalgoorlie gold miner on the horizon following $40M deal New Kalgoorlie gold miner on the horizon following $40M deal

Intermin's acquisition of the Coolgardie gold project will see it move from a toll treatment producer to gold miner in its own right

Intermin, which is currently also in the process of merging with fellow Kalgoorlie-focused MacPhersons Resources, will pay the $31 million in cash and $9 million in shares over a 3.5-year period.