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Mineral & Financial Investments' Cerrado Gold picks up Don Nicolas mine in Argentina

Mineral & Financial Investments Limited's (LON:MAFL) Jacques Vaillancourt speaks to Proactive London's Andrew Scott following the news its investee firm Cerrado Gold Inc has made a new acquisition - the Don Nicolas mine in the Santa Cruz province of Argentina.

Cerrado is paying US$15mln upfront, with another US$30mln in staggered monthly payments (spanning up to 60 months from closing), to acquire the mine which can produce up to 50,000 ounces of gold per year, for at least seven years.

Quick facts: Mineral & Financial Investment Limited

Price: 7.5 GBX

AIM:MAFL
Market: AIM
Market Cap: £2.64 m
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Mineral & Financial Investments cashed up and growing assets by 34% a year

Mineral & Financial Investments Limited’s (LON:MAFL) Jamie Lesser caught up with Proactive London's Andrew Scott to talk through the firm's interims to December 2019. MAFL's NAV per share increased 22.2% from 31st December 2018 to 15.19p - a new high for the company. Lesser says the...

on 11/3/20

2 min read