Fakty Miami
Newrange Gold Corp. [NRG-TSXV] said Friday it has signed a mutual termination agreement with Great Panther Mining Ltd. [GPLDK-OTCPK] related to a share purchase deal involving the acquisition of the Coricancha gold-silver-copper-lead-zinc mine in Central Peru.
Coricancha is located in the central Andes of Peru, approximately 90 kilometres east of Lima. It is a past producing mine that was acquired by Great Panther in June 2017, and has remained on care and maintenance since then.
“We are deeply disappointed to have arrived at this outcome,’’ said Robert Archer, President and CEO of Newrange. “We have been working on this acquisition since March and believe strongly in the potential of the Coricancha Mine,’’ he said.
“However, the current market for mining stocks, one of the worst in decades, has created a serious impedi