M&A

OreCorp wraps-up multi-million ounce Nyanzaga ownership

INVESTOR interest in OreCorp has surged after the Tanzanian-focused gold contender said it was paying US$7 million to Acacia Mining for the 49% balance of the multi-million ounce Nyanzaga resource it doesn't already own.

OreCorp wraps-up multi-million ounce Nyanzaga ownership

The consolidation comes after OreCorp spent about $14 million for its initial 25% stake and recently agreed to pay another $3 million to reach 51%. Acacia also now has a net smelter royalty capped...

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