Aurelia Snaps Up $200M Dargues Gold Mine

Aurelia Metals is set to acquire the recently commissioned Dargues underground gold mine in New South Wales from Diversified Minerals for up to $205 million.

The Dargues mine only delivered its first shipment of gold concentrate in June and is anticipated to produce an average of 45,000 to 55,000 ounces of gold a year over five years.

The operation consists of an underground mine and newly constructed processing plant, which is anticipated to ramp up to around 355,000 tonnes a year by mid-2021.

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