agreement for purchase of a gold processing plant

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    The agreement calls for MX Gold to pay $2.225 million for a 50% interest in a plant for reprocessing tailings. The plant was built for a cost of about $4.5 million in 2013 but technical water issues caused the operation to cease processing in 2014.

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    Apr 15, 2015· Four months after the purchase agreement, Yanacocha mortgaged the same property for $50 million to the International Finance Corp. and a German bank. The mine produced the first gold bar that same year, 1993.

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