Minera Gold
Minera Gold Limited (ASX:MIZ) is an Australian-listed international gold producer which is exploring and developing a portfolio of medium-sized gold projects in South America.
See more information about Minera Gold
Minera Gold completes acquisition of gold-copper plant in Peru
Minera Gold (ASX:MIZ) is on the road to generating earnings with the acquisition of the San Santiago gold and copper processing plant in Peru, and has now settled the deal with management control passing to the company.
Minera now has full ownership and control of its own processing plant to process all of its gold and copper production sourced from its wholly-owned Peruvian mining properties, and the treatment of ore from third parties.
The acquisition of the San Santiago Assets is a "walk-in/walk-out" transaction and will cost US$5.5 million.
This will deliver to Minera control of an operating copper toll treatment business that is generating annualised EBITDA of circa US$2.5 million per annum.
Which for a company that is valued at circa $19 million by the market is significant.
Analysis
The acquisition has positioned Minera to earn immediate cashflows.
Considering the company's market value of circa $19 million while generating annualised EBITDA of US$2.5m (and poised to rise), the stock has significant upside.
Other Minera Gold news
- Minera Gold identifies high grade prospects in Peru copper mine
2015-03-18 - Minera Gold gets busy with production from San Santiago
2015-01-13 - Minera Gold banks funds to increase gold, copper production in Peru
2014-12-19 - Minera Gold raising $1.1M to maximise San Santiago copper and gold capacity
2014-12-04 - Minera Gold ramping up copper, gold production in Peru
2014-11-03
