Aura Minerals (TSE:ORA) has released an update.
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Aura Minerals is set to acquire all outstanding shares of Bluestone Resources, valuing Bluestone at a significant premium with a total enterprise value of up to US$74.3 million. This acquisition includes the promising Cerro Blanco gold project in Guatemala and the Mita Geothermal project. Bluestone shareholders are offered a choice of cash or Aura shares, with the potential for additional payments contingent on future production milestones.
For further insights into TSE:ORA stock, check out TipRanks’ Stock Analysis page.
