Independence buys shares in Gold Road
PERTH (miningweekly.com) – ASX-listed junior Gold Road Resources on Thursday confirmed that fellow-listed metals miner Independence Group had acquired a portion of the company’s shares.
Canada-based Minco Silver Corporation sold some 22-million of its shares in Gold Road Resources at a price of 38.5c each to Independence, giving the company a less than 4% shareholding in Gold Road.
Minco had maintained more than 17-million shares in Gold Road, or a 2.9% ownership.
The Independence buy comes just a day after the metals miner denied that it had made firm commitments to expand its footprints, following media speculation that the company was eyeing a takeover of nickel developer Sirius Resources.
Gold Road on Thursday told shareholders that while the company welcomed Independence to its register, Gold Road’s focus would remain on the advancement of its Yamarna gold project, in Western Australia, where a prefeasibility study was scheduled for March next year.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation