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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Abacus Mining and Exploration Corp (PK) | USOTC:ABCFF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.0031 | -18.02% | 0.0141 | 0.0141 | 0.02 | 0.0141 | 0.0141 | 0.0141 | 1,070 | 21:00:11 |
From Feb 2020 to Feb 2025
Polish copper miner KGHM Polska Miedz (KGH.WA) and Canada's Abacus Mining & Exploration Corp. (AME.V) have signed an agreement to create a joint venture to develop a copper and gold field in western Canada, KGHM said in a statement Tuesday.
KGHM will pay $37 million for 51% of the joint venture. Abacus will contribute its rights to the Afton Ajax field, located in the Canadian province of British Columbia, into the business.
KGHM has the option to buy a further 29% in the joint venture for up to $35 million and, if it exercises the option, it will be required to organize financing of $535 million for the joint venture's investment in the field.
According to estimates, the Afton Ajax field can produce 50,000 metric tons of copper and 100,000 metric tons of gold a year. The field is expected to produce for 23 years starting in 2013, KGHM said.
-By Marcin Sobczyk, Dow Jones Newswires; +4822 447-2432; marcin.sobczyk@dowjones.com
1 Year Abacus Mining and Explor... (PK) Chart |
1 Month Abacus Mining and Explor... (PK) Chart |
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