Managem SACSEMA: MNG

Managem S A has signed a new strategic agreement with Norin Mining for the sale of an additional 45% stake in the Gabgaba - Block 15 gold project, for USD 420 million based on a 100% project valuation on a net-debt and cash-free basis.

· Issued by Managem SA

On 6ix: 6ix.com/news/managem-s-a-has-signed-a-new-strategic-agreement-with-norin-mining-for-the-sale-of-an-additional-45percent-stake-in-the-gabgaba-block-15-gold-project-for-usd-420-million-based-on-a-100percent-project-valuation-on-a-net-debt-and-cash-free-basis

Norin Mining will increase its participation to 80%, while Managem will retain 20% with strengthened minority rights. This agreement will accelerate the development of the WG03 phase, adding 120,000 ounces of gold per year and securing the required financing. [...]

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