Waterton to buy Midway's Spring Valley mining stake for $25 mln
Midway Gold Corp has agreed to sell its 30 percent interest in a Spring Valley joint venture to Waterton Global Resource Management, a Canadian mining-focused private equity firm. The deal, which is expected to close by December 15, will reflect a minimum price of US$25 million. Waterton agreed to buy the other 70 percent of the joint venture from Barrick Gold Corp this week. The Spring Valley deposit is a large, porphyry hosted gold resource located in the Spring Valley Mining District of Pershing County, Nevada. Waterton already has a substantial portfolio of assets in the state.
13 November 2015•5 mins read
