Vast disposes of gold assets in Zim to focus on metals in Romania

Aim-listed Vast Resources’ shares rose by 25.40% on Monday, after it reported that it was planning to partially dispose of a noncontrolling interest in its Pickstone-Peerless and Giant gold mines, in Zimbabwe. Through three principal transactions with Mauritian-based investment holding company SSA Group, Vast would make an effective disposal, of 49.99% of its 50% interest in each of the Pickstone and Giant mines for $4-million.