Ravenswood sold

RESOLUTE Mining has sold its Ravenswood gold mine in Queensland to EMR Capital and Golden Energy and Resources for up to $300 million.

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The Nolans plant at Ravenswood.

The EMR-GEAR consortium has agreed to pay an upfront consideration of $100 million comprising $50 million cash and a $50 million deferred consideration via a promissory note attracting 6% per annum

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