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Golden Rim sells Balogo for $13M

GOLDEN Rim Resources has sold its key Balogo gold project in Burkina Faso to a Turkish company for $US10 million ($A12.8 million) cash.

Andrew Duffy
Golden Rim sells Balogo for $13M

The sale to MNG Burkina Sarl will be made in a number of stages, with the final $3 million payment coming after commercial production is achieved. Golden Rim will keep a 1% net smelter return over...

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