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

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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.

 

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