PRECIOUS METALS

Ambitious junior pulls off big Cracow deal

Junior copper miner Aeris Resources has agreed to acquire Evolution Mining’s Cracow gold mine in Queensland in a deal worth up to A$125 million (US$86 million).

The Cracow mine in Queensland, Australia

The Cracow mine in Queensland, Australia

Consideration comprises A$60 million cash up-front and $15 million cash payable on June 30, 2022. Evolution will also be entitled to up to $50 million in contingent payments in the form of a 10% net...

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