CAPITAL MARKETS

GBM soars on Malaysian gold move

GBM Resources has seen its shares spike more than 19% after signing a binding deal to take a minority stake in a Malaysian company with an aim to recommission its shuttered gold mine.

Justin Niessner

GBM soars on Malaysian gold move

GBM executed a term sheet with Angka Alamjaya Sendirian Berhad (AASB). It outlines a share swap between the two companies and a plan to jointly develop AASB’s Lubuk Mandi mine in Peninsular Malaysia. ...

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