GJ Town India

  Orion will acquire Centerra's 50% interest   Premier Gold Mines and Centerra Gold announces that an affiliate of the Orion Mine Finance Group, has entered into an agreement with Centerra and Premier pursuant to which Orion will acquire Centerra's 50% interest in the Greenstone Gold Mines-GGM Partnership for cash consideration of US$225 million plus certain contingent payment obligations of approximately US$75 million, described below. Premier currently owns the other 50% of GGM.   GGM’s principal asset is the Hard rock Mine Project located on the Trans-Canada Highway near Gerald ton, Ontario, Canada and represents one of the most significant large-scale, permitted, mine development opportunities in North America. Under the terms of the Purchase Agreement, Premier and Centerra, through their respective affiliates, will cause GGM to provide a guarantee to Centerra in respect of the obligations of Orion to make the Contingent Payments, if any, and with respect to an ea...

Inks to acquire high-quality gold Exploration projects in French Guiana Columbus Gold signed a Letter of Intent (LOI) to acquire a pending exploration permit from a third party as part of its strategy to consolidate a portfolio of high-quality gold exploration projects in French Guiana, France. The exploration permit covers the core of one of the most prominent placer gold mining districts in French Guiana, which is currently exposed to illegal artisanal hard rock mining of high-grade quartz-gold veins.   The project area is interpreted to be underlain by prospective greenstone belt volcanic rocks, although the local geology remains poorly understood and unexplored despite intense placer mining activity in the past.    The exploration permit has good access by well-maintained forestry roads, which provides for simple and low-cost logistics for transportation and exploration.  Rock Lefrançois, Columbus' President and Chief Executive Officer, c...