https://www.miningweekly.com

Aureus seeks to enhance shareholder value

2nd February 2016

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – Dual-listed gold producer Aureus Mining’s shares on the LSE dipped on Tuesday, as it announced the establishment of a special committee to conduct a review of strategic options to enhance shareholder value.

The committee would comprise independent, nonexecutive directors Jean-Guy Martin, Loudon Owen and David Netherway.

Aureus’s assets included its flagship New Liberty gold mine, in Liberia, which had an estimated proven and probable mineral reserve of 8.5-million tons, comprising 92 000 oz grading 3.4 g/t.

The company’s shares on the LSE fell by 9.52% to 2.38p a share on Tuesday morning, compared with Monday’s close of 2.62p apiece.

Aureus was also listed on the TSX.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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