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Hochschild Mining buys Cerrado's Monte Do Carmo Project in Brazil
By Michele Maatouk
Date: Wednesday 30 Oct 2024
(Sharecast News) - Hochschild Mining said on Wednesday that its subsidiary, Amarillo Mineração, had exercised the right buy the Monte Do Carmo Project in Brazil from Cerrado Gold for $60m.
Amarillo Mineração will make cash payments to Cerrado of $30m prior to the date of the closing of the deal.
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