Timmins Gold plans to acquire Caballo Blanco project and increase its production in Mexico
Timmins Gold espera adquirir el proyecto Caballo Blanco y con ello aumentar su producción en México
Intel ID : 221258
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Timmins Gold, a company engaged in acquiring, exploring, developing and operating mining properties, plans to increase its production through the acquisition of Caballo Blanco gold project, held by Goldgroup Mining in Mexico. The project is valued at approximately USD 30m. The Canadian company will pay USD 10m and issue 16.1 million shares, valued at USD 15m, to Goldgroup. Timmins Gold will also pay an extra USD 5m if it receives an environmental license before 31 October 2019, or if there are structural changes in ownership or management in Timmins.
(content in spanish)
Timmins Gold, empresa dedicada a adquirir, explorar, desarrollar y operar propiedades de recursos minerales, espera aumentar su producción después de realizar la adquisición del proyecto de oro Caballo Blanco, que Goldgroup Mining tiene en México y que está valorado en aproximadamente USD 30m. La empresa canadiense pagará USD 10m y emitirá 16,1 millones de acciones, avaluadas de momento en USD 15m, a la también canadiense Goldgroup por dicho proyecto. También desembolsará otros USD 5m si recibe un permiso ambiental antes del 31 de octubre del 2019 o en caso de cambios estructurales en la propiedad o directorio de Timmins. |
| Intel ID | 221258 | |
| Value | EUR 24,42m (Approx.) | |
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55.05.03 Gold Mining & Refining 55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.