Vancouver-based company Pretium Resources has signed a massive $81-million deal with Zijin Mining Group, which is China’s largest gold produce, second largest copper producer, and also mines sinc, tungsten and iron ore.
The venture will allow B.C. gold mine developer to fund its high-grade, underground Brucejack gold project in northwestern B.C. and give the Chinese miner a 9.9 per cent stake, or 12,836,826 common shares of Pretium at $6.30 through a private placement, in the Canadian company. Zijin also has a market capitalization of more than $9 billion. CJ
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
