CMOC Group Completes Acquisition of Brazilian Gold Assets; Shares Up 6%

MT Newswires Live

01/26

CMOC Group (SHA:603993, HKG:3993) on Jan. 23 completed the acquisition of three Brazilian gold mining assets from Canada's Equinox Gold, according to a Sunday filing with the Shanghai bourse.

The deal includes the Aurizona and RDM gold mines and the Bahia integrated mining area, containing a gold resource of 5.0 million ounces at 1.88 grams per tonne of gold and a reserve of 3.9 million ounces at 1.45 g/t of gold.

Shares of the copper and cobalt producer rose 6% in recent trade on the Shanghai and Hong Kong bourses.

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