JOHANNESBURG (miningweekly.com) – Shares in southeast Asian-focused gold miner Olympus Pacific Minerals will begin first trading on the ASX on Friday, following the company’s merger with former ASX-listed Zedex Minerals.

The Canadian company will trade under the ASX code OYM, the same code it trades on the TSX.

Olympus said in a statement on Thursday that the merger with Zedex created a company with a combined resource base in excess of 2,1-million ounces of gold, increasing production and significant growth potential through exploration. 

Olympus’ key assets include; the Bong Mieu mine, in Vietnam, with a production of 40 000 oz/y, and the Phuoc Son mine in Vietnam, which was under construction. The Phuoc Son operation will produce 80 000 oz/y gold upon commissioning, which will take place within 12 months.

Olympus said that it has a clear pipeline of gold projects in Vietnam and east Malaysia with the potential to grow the company into a 300 000 oz/y gold producer within the next four years.

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