Zijin Mining Group Co Ltd , one of China’s biggest gold miners, has signed an agreement to buy Canadian miner Continental Gold Inc , saying the purchase would increase its gold reserves and boost cash flow and profit. The acquisition, which will cost around C$1.33 billion ($999.92 million) in cash, aims to secure Continental Gold’s flagship Buriticá gold project for Zijin, the Chinese company said in a filing to the Shanghai Stock Exchange. The Buriticá gold project has measured and indicated gold reserves of 165.47 tonnes and an inferred reserve of 187.24 tonnes, Zijin said in the filing. Zijin ... (full story)