Cambior Inc.: Agreement to Acquire a 55.3% Interest in a Peruvian Gold Mining Company.
Business Wire › September 03, 2004
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Cambior Inc.: Agreement to Acquire a 55.3% Interest in a Peruvian Gold Mining Company.
LONGUEUIL, Quebec -- Cambior Inc. (AMEX:CBJ)(TSX:CBJ) All amounts are expressed in US dollars, unless otherwise indicated.
Cambior is pleased to announce that it has entered into an agreement with a group of private shareholders ("Selling Group") to acquire a 55.3% interest in the private Peruvian mining company Compania Minera Poderosa S.A. ("CMPSA") and the Selling Group's advances to CMPSA totaling $8 million. CMPSA owns and operates the Poderosa mine located in the Pataz Province of Northern Peru. The mine has produced 1.25 million ounces of gold since 1982, with an average of 75,000 ounces produced annually over the last five years. Targe...See the full content of this document
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