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China's Zijin Mining to buy Canada's Continental Gold for $1 billion

The company logo of Zijin Mining Group Co Ltd, China's biggest listed gold producer, is
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BEIJING (Reuters) - Zijin Mining Group Co Ltd , one of China's biggest gold miners, has agreed to buy Canadian miner Continental Gold Inc for C$1.33 billion (£779.36 million), saying the purchase would increase its gold reserves and boost cash flow as well as profit.Zijin will pay C$5.50 per share in cash for Continental, a premium of about 13% to the Canadian company's closing price on Friday,..
Date Published: Dec 02, 2019
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