Orea in talks to buy out sanctioned partner in Montage d’Or JV

TSX-listed Orea Mining is pursuing a potential transaction to own 100% of the five-million-ounce Montage d’Or gold deposit in French Guiana, announcing on Thursday that it has initiated negotiations with Nordgold to obtain its 55.02% interest in the joint venture (JV). Owning the Montagne d’Or gold deposit outright is an “immense opportunity” for the company, Orea said on Thursday, stating that it would prioritise its financing resources to obtain that objective.