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Titan sells Zaruma mine to focus on Dynasty gold project
Mining
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Titan Minerals has sold the Zaruma mine and Portovelo process plant in Ecuador to Pelorus Minerals for a tidy US$15 million plus a 2% net smelter return royalty on future copper production.
The sale will allow Titan to resolve the balance sheet issues it inherited after it acquired Core Gold Inc. in 2020.
Titan Minerals (ASX:TTM) also walks away with a strong cash position with an initial US$3.5 million payment due now and another US$2 million due on the 31
st of August.
st of December, plus a further US$2.5 million on the 1
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Bacchus Capital Establishes North American Investment Banking Operations
Steven Latimer, former President of Jefferies Securities Inc. (Canada) and Head of Canadian Investment Banking, to join Bacchus Capital as Managing Director and Head of North America
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LONDON, May 10, 2021 /PRNewswire/ Bacchus Capital is pleased to announce that Steven Latimer has joined the firm as Managing Director and Head of Bacchus Capital s presence in the Americas. Steven will be based in Toronto and will focus on providing Bacchus Capital s new and existing clients with on-the-ground strategic, financial and tactical investment banking support, and advancing Bacchus Capital s Venture business in the region. He will work closely with Karr McCurdy, who is a member of the Bacchus Capital Senior Advisory Board, based in Denver, and with the Investment Banking team in the UK and globally.