Frontier to take on Gold Ridge

FRONTIER Resources shares rocketed more than 130% today as the company signed on to acquire 80% of the troubled Gold Ridge gold mine in the Solomon Islands and restructured its board.

Frontier has signed a heads of agreement with GoldRidge Community Investment to acquire 80% of Gold Ridge, which the latter acquired from St Barbara at the start of the month.

loader
  • NEW: Digital version of PNG Report magazine - View here
  • Porgera: Barrick-PNG talks go on - Read more
  • Follow the companies investing in the PNG market - Read more