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Mako Mining to buy Goldsource Mines

From miningweekly.com

TSX-V-listed Mako Mining on Tuesday announced it would buy fellow-listed Goldsource Mines, creating a diversified gold producer with a platform for growth. The transaction will create a company combining Mako’s Nicaraguan gold operations and mine-building team with Goldsource’s Eagle Mountain gold project, in Guyana.“This transaction is a true ‘hand-in-glove’ partnership. The scalability of Goldsource's Eagle Mountain is a direct analogue to that of Mako's San Albino mine. Both properties have district-scale potential, with the ability to unlock that potential through cash flow,” commented Mako CEO Akiba Leisman. ... (full story)

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  • Category: Fundamental Analysis