LONDON: Metals Exploration plc (AIM: MTL), a gold production, exploration, and development company with assets in the Philippines and Nicaragua, announced an agreement with Almaden Minerals Ltd. to purchase a gold ore processing and concentrating plant. The plant, currently located in Nome, Alaska, includes crushers, conveyors, a grinding ball mill, Sepro Falcon gravity circuit, carbon in leach…
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Metals Exploration Plc to acquire controlling interest in YMC Group
LONDON, UK: Metals Exploration Plc, a gold producer in the Philippines, has entered into a conditional share purchase agreement to acquire a controlling interest in the YMC Group, which holds an extensive exploration tenement in the prospective Abra area of the Philippines. The acquisition consideration comprises US$1.6 million cash and the issue of options to…