News Formal

Dermot Desmond-backed mining company values royalties at €700m

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 77%

Business News News

Business Business Latest News,Business Business Headlines

Dermot Desmond-backed mining company values royalties at €700m via IrishTimesBiz

said the technical report was filed as part of a process to “unlock value” for shareholders.

The deal also includes warrants that, if converted, would allow Mr Desmond to increase his stake in the company.Mountain Province also announced it was reversing a previous 240 million Canadian dollars writedown on its share of the property and equipment at Gahcho Kue mine, which is majority owned and operated by gemstone behemoth, De Beers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AIG files to float its life insurance and asset management businessRebranded Corebridge expected to be valued at about $20bn in the largest IPO of the year via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »