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Goldgroup sells Mexican gold project to Timmins Gold for up to US$30 million

2014-12-18 15:29:01| Railroads - Topix.net

Timmins Gold Corp. will exchange US$10 million cash and shares currently worth about US$15 million to acquire the Caballo Blanco open pit gold mine project in Mexico from Goldgroup Mining Inc. . There's also a contingency for Timmins to pay an additional US$5 million once a permit is granted, making the deal potentially worth US$30 million.

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