THUNDER BAY Two new players are taking over development of a new gold mine just outside Geraldton.
Canadian mining company Equinox Gold Corp. has announced the friendly acquisition of Thunder Bay-based Premier Gold Mines.
Equinox will retain Premier s 50 per cent interest in the Greenstone Gold Mines Hardrock Project at Geraldton, as well as other properties.
The announcement comes a day after Premier and Centerra Gold announced that the private equity firm Orion Mine Finance Group had agreed to acquire Centerra s 50 per cent interest in the Greenstone Gold Mines Partnership, for $225 million.
When that deal was revealed, Premier s CEO and president, Ewan Downie, said it paves the way for the development of Premier’s flagship asset. We look forward to working with Orion, a long-standing supportive partner of Premier, in advancing the Hardrock Project on an expedited timeline.