M&A

Celsius warm on deal with Silvercorp for MCB copper-gold asset

CELSIUS Resources is being acquired in a A$56 million deal by Canada-headquartered China miner Silvercorp, with Celsius' main asset being the MCB copper-gold asset in Philippines that has previously been assessed to have a post-tax net present value of about $650 million.

 Celsius at MCB back in the day

Celsius at MCB back in the day

The mainly scrip transaction also involves other assets in Celsius' portfolio being spun out into a new company in which Celsius shareholders could hold nearly 90%. A listing on the ASX or London's...

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