Mandalay, Equus complete Cerro Bayo sale

Canadian-based Mandalay Resources has completed the sale of its Cerro Bayo gold mine in southern Chile to Equus Mining. The deal was first confirmed in October, and includes mining properties, resources and mine infrastructure as well as a 1,500-tonne-per-day processing plant at the Region XI site. Mandalay received 587,502,438 ordinary shares in the capital of Equus under the deal’s terms,…

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