CAPITAL MARKETS

Normandy offers $15 million for Otter Gold

NORMANDY Mining today launched an opportunistic bid for struggling gold producer Otter Gold Mines, which closed its Tanami operation in June and has seen its majority owned subsidiary Allstate Exploration, operator of the Beaconsfield mine, slide into administration.

Greg Tubby

Otter's cupboard may be almost bare, but what it does have left makes a neat fit with Normandy's Tanami operations – a 60% interest in the Tanami joint venture with AngloGold, and 20,000sq.km of exploration...

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