Hochschild exercises option to buy Brazil gold project in $60M deal (OTCQX:HCHDF)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2024
0mins
Source: SeekingAlpha
Acquisition Announcement: Hochschild Mining announced it has exercised its option to acquire a 100% interest in the Monte Do Carmo project in Brazil from Cerrado Gold for $60 million, contingent on meeting certain milestones.
Company Collaboration: The acquisition reflects ongoing collaboration between Hochschild Mining and Cerrado Gold in the development of mining projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
