05 March 2024
05 March 2024
The country has laid out a strategic plan to increase production of the precious metal.
Despite the continued strong performance of its Blanket gold mine, one-off charges have hit Caledonia Mining’s profits.
The deal offers BML Ventures exclusive rights to open-pit mining at the site, with profits to be shared equally between the companies.
The company has signed purchase agreements to divest its Beaufor, McKenzie Break and Swanson properties.
Under the agreement, Galiano issued 28.5 million common shares to Gold Fields, which now holds a 19.9% stake in Galiano.
The company aims to convert these sales agreements into binding offtake contracts over the next 12–18 months.
This deal saw Jiangxi acquire 25.9 million shares in the Canadian company at C$11.10 apiece.
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