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Michelago and partners buy Gold Ridge

MICHELAGO is adding a 20% stake in the Gold Ridge mine in the Solomon Islands to its budding portfolio, and has ambitions to increase the stake to as high as 50% as part of a consortium that’ll potentially spend US$90 million buying and re-developing the operation that closed in 2000 due to civil unrest.

Michael Quinn
Michelago and partners buy Gold Ridge

Michelago, Ausenco (20%), Societe Generale (10%), Resource Capital Fund (20%) and Sashmo (30%) will acquire the project from American Home Assurance Co, with the last operator of Gold Ridge, Delta Gold,...

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