March 19, 2020 |
Canadian mining company Cerrado Gold said on Tuesday that it closed the acquisition of Minera Don Nicolás in Argentina for $47 million, payable over the next five years.
The Toronto-based miner paid $15 million to the sellers, Compañía Inversora en Minas (Ciminas) and Compañía Inversora Argentina para la Exportación (Ciapex), upon closing the deal and agreed to make three future payments of $10 million each in two years, four years and five years, it said in a statement.
Cerrado also said it cou
Canadian mining company agrees to pay $45 mln over five years for Minera Don Nicolás