JOHANNESBURG (miningweekly.com) – ASX-listed Beacon Minerals reported on Wednesday that it would sell 12 199 t of gold ore from Halleys East to fellow listed Northern Star, after executing an ore purchase agreement.
The companies announced a letter of intent in February this year, stating that Northern Star would buy Beacon’s high-grade refractory ore to process at its Kanowa Belle processing facility, in Western Australia.
Beacon reported that it would sell the ore to Northern Star at $611.87/t, net of all costs.
“The completion of the ore purchase agreement further highlights the success at Halleys East,” commented MD Graham McGarry.
He added that rehabilitation at Halleys East, where mining ceased in May 2015, was completed.
Edited by: Creamer Media Reporter
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