CAPITAL MARKETS

Coppermoly flags a 'cash surplus' outcome

EXPLORER Coppermoly aims to buy back the 72% stakes of the Simuku, Nakru and Talelumas projects in Papua New Guinea that Barrick Gold acquired under their previous $A20 million joint venture deal and then immediately sell these assets for a tidy profit.

Blair Price

Coppermoly flags a 'cash surplus' outcome

Barrick recently extended Coppermoly’s exclusive period of negotiations to up to the end of this month. in September, the explorer appointed Odyssey Capital Partners as an advisor to restore Coppermoly’s...

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