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PHILIPPINES - Acquisition of Co-O mine royalty E-mail

Medusa Mining has completed acquisition of a 1.32% uncapped gross royalty from Central Mindanao Mining Corporation at a cost of Php 44 million, equivalent to US$956,000.

The royalty was applicable to the sale of all gold from the Co-O Mine within and including the area covered by Mineral Production Sharing Agreement application 084-XIII.

The acquisition is part of the company's ongoing corporate rationalization.

 
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