Loading ...Chinese firm Zijin Mining buys C$81m stake in BC based Pretium
TORONTO (miningweekly.com) – China’s largest gold miner Zijin Mining has agreed to buy a 9.9% stake in British Columbia-based Pretium Resources, which is working to advance the high-grade Brucejack gold project in the province’s north, for C$80.87-million.
Vancouver-based Pretium said on Monday that it would issue to Zijin 12.84-million common shares at C$6.30 apiece, which would constitute a significant portion of the planned equity component of the financing required to bring the Brucejack project into production.