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Southern Gold goes at it alone at Cannon underground

From miningweekly.com

ASX-listed Southern Gold is hoping to fast-track the development of the Cannon gold mine, in Western Australia, in 2019 after striking a deal with fellow-listed Northern Star Resources. Northern Star in March this year acquired the South Kalgoorlie operations from Westgold Resources, which included a five-year right to mine with Southern Gold, which was designed to enable underground development at Cannon. However, Northern Star has now taken the decision not to exercise its right-to-mine, and has agreed to a restructure of the Southern Gold agreement. The new arrangement would see the termination of all legal ... (full story)

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  • Category: Fundamental Analysis