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Zijin Mining to buy Continental Gold for C$1.4 billion

  1. Seth Davis
    9,215 Posts.
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    03/12/19
    07:33
    Post #: 41759814
    Big guys are in Columbia because they know there's big gold deposits on offer, MNC in the box seat with the Andes team and land package they put together...

    https://www.mining-journal.com/gold-and-silver-news/news/1376960/zijin-mining-to-buy-continental-gold-for-cusd14-billion

    Zijin Mining to buy Continental Gold for C$1.4 billion China’s Zijin Mining Group, one of China’s 10 largest gold producers has agreed to acquire Continental Gold for CC$1.4 billion. Continental is build a gold mine at Buritica in Antioquia, Colombia which is expected to commence production in the first quarter of 2020 from a high-grade underground mine and produce over 250,000 ounces a year.

    MNC Price at posting: 9.8¢ Sentiment: Buy Disclosure: Held
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