Under-fire IGO Ltd is mulling options for its $1 billion-plus stake in the Tropicana Gold Mine. Tropicana made IGO $175 million at the EBITDA line in the year to June 30. UBS analysts valued the stake at $1.22 billion following IGO’s annual results in August
Analysts reckon it would also allow the company to focus on extending its promising Nova project, which was picked up when it acquired Sirius Resources in 2015.
From the AFR....readying the bank for some acquisitions...!
Under-fire IGO Ltd is mulling options for its $1 billion-plus...
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| GAL (ASX) Chart |