CAPITAL MARKETS

Croesus puts Hannan South, Binduli on the block

AFTER producing in excess of 400,000 ounces over the last 17 years, Croesus Mining has called tim...

MiningNews.Net
Croesus puts Hannan South, Binduli on the block

The assets include a 600,000t per annum processing plant, 750,000tpa crusher, and a 131sq.km landholding, and are being offered for sale as a package or separately.

There is also more than 700,000oz of gold in various resource categories.

Croesus company secretary Graeme Smith told MiningNews.net the company felt its efforts would be better spent on the Norseman and Davyhurst operations.

He denied the sale was related to any potential acquisition.

Croesus shares continued to face selling pressure today, and were off 2 cents at 53 cents in early trade.

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