Gold Fields puts $77M in Suriname-focused Founders
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Gold Fields puts $77M in Suriname-focused Founders
Gold Fields (NYSE, JSE: GFI), one of the world’s largest gold miners, is investing another $77 million (US$55.7 million) to raise its stake in Suriname explorer Founders Metals (TSXV: FDR;... The post Gold Fields puts $77M in Suriname-focused Founders appeared first on The Northern Miner.
Gold Fields, one of the world's largest gold producers, is investing another $55.7 million in Founders Metals, increasing its stake in the Canadian exploration company to just under 20 percent. The capital injection enables Founders to buy out its local partner Nana Resources and gain full control of the extensive Antino gold project in Suriname. Founders Metals, based in Vancouver, is paying Nana Resources $17 million in cash and issuing 13.6 m…
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