GOLD M&A
TSX- and NYSE-listed McEwen Mining has agreed to buy precious metals producer Primero Mining’s Black Fox mine and complex for $35-million, expanding the junior miner’s production footprint in Canada.
“Buying the Black Fox Complex provides fantastic synergies with our recently acquired Timmins deposits. Our objective is to build a long-term production platform with a robust pipeline of production, development and exploration assets, all feeding into a single processing facility,” chief owner and chairperson Rob McEwen said in a news release on Thursday.
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