Glass Earth shares up 22 percent on option to buy Coromandel goldmine

Mon, 19 Nov 2012

Nov. 20 (BusinessDesk) - Gold miner Glass Earth has gained rights to take over the Neavesville gold and silver prospect currently controlled by Canadian resource developer Eurasian Minerals. A complex set of arrangements will see Glass Earth make limited up-front payments with most revenue flowing to Eurasian once commitment to a mining operation has been made. The announcement saw shares in Glass Earth leap 22 percent to 33 cents, although they remain 52 percent below their high point for the last 12 months. Located immediately north of Ne...

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