Editor & Analyst at Exploration Insights
Member since: Mar '16 · 151 Opinions
They basically broke up the company to have the marginal Brazilian assets in Equinox. They sorted out their balance sheet.
They have some issues with locals. They re-submitted an indigenous document and so we have to see what happens. It is a leveraged play in the Amazon.
ABX-T owns the majority of the joint venture and NGT-T owns about 40%. This is a deal that should have happened a long time ago. You had all these ounces that could be treated at a plant next door but you could not do that and it was not economic to do so at another plant. It shows some sanity to generalist investors. ABX-T did the best out of it.
ABX-T owns the majority of the joint venture and NGT-T owns about 40%. This is a deal that should have happened a long time ago. You had all these ounces that could be treated at a plant next door but you could not do that and it was not economic to do so at another plant. It shows some sanity to generalist investors. ABX-T did the best out of it.