- Dundee (DC.A) has closed its privatization of Big River Gold with Aura Minerals
- The transaction will allow Dundee to develop and participate in future cash flows from the Borborema Gold Mine in Brazil
- Preliminary construction of the Borborema Gold Project is expected to start in 2023, with gold production commencing in 2025
- President and CEO Jonathan Goodman spoke with Sabrina Cuthbert about the transaction
- Dundee Corporation is an active investor focused on delivering long-term, sustainable value through investments in the mining sector
- Dundee (DC.A) opened trading at $1.22 per share
Dundee (DC.A) has closed its privatization of Big River Gold with Aura Minerals.
The transaction will allow Dundee to develop and participate in future cash flows from the Borborema Gold Mine in Brazil.
Subsidiary Dundee Resources Limited will retain 20 per cent of Big River Gold through a joint venture arrangement with Aura. The subsidiary’s interest is due to shares of Big River already on its books and a cash subscription for shares in Borborema Inc. of US$2.5 million.
Aura, a mid-tier gold and copper producer, expects to complete an NI 43-101 compliant feasibility study on the fully-permitted Borborema Gold Project by early 2023.
Preliminary construction is expected to start in 2023, with gold production commencing in 2025.
President and CEO Jonathan Goodman spoke with Sabrina Cuthbert about the transaction.
Dundee Corporation is an active investor focused on delivering long-term, sustainable value through investments in the mining sector.
Dundee (DC.A) opened trading at $1.22 per share.