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Takeover target ties up off-take deal

AGD Mining has tied up an off-take deal with China’s Zhongnan Antimony and Tungsten Trading for 75% of the concentrate produced from its emerging Augusta gold-antimony mine and Costerfield processing plant in central Victoria. The three-year deal is worth $US40 million ($A52.7 million) at current metal prices.

Michael Vaughan

AGD, currently the subject of a friendly takeover offer from London-based Cambrian Mining, expects to produce 21,000 ounces of gold and 5500 tonnes of antimony-in-concentrate annually in the first three...

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