Amid strong financials, Santa Fe Gold Corp. plans to merger with International Goldfields Ltd. in six months, combining its New Mexico assets with IGS properties in Brazil and West Africa. Following its shareholder approval, IGS advanced $4 million to Santa Fe in the form of a convertible note. With a “first rate” management and operating team, “Santa Fe represents an exciting growth story, despite the current difficult financial markets,” said President and CEO Pierce Carson. Santa Fe’s precious metals projects include the Summit mine, the Lordsburg exploration project, the Mogollon gold-silver project, and the Ortiz gold project.
- Written by E&MJ News