CAPITAL MARKETS

Golden Star cashes out of Moto

WEST Africa gold miner Golden Star Resources has done well with an investment in Moto Goldmines by reaping a net capital gain of around $US30 million on the sale of shares it held in the Perth-based, Democratic Republic of Congo explorer.

Michael Quinn

Golden Star’s 6 million Moto shares (sold for $C7.50 each) were acquired in October 2004, including warrants that were subsequently exercised. The Denver-based Golden Star holds a 90% interest in the...

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