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.
