Golden Grove

On 30 December 2016, MMG entered into a conditional share sale agreement with EMR Golden Grove Holdings Pty Ltd, an entity owned and managed by EMR Capital, for the purchase of MMG Golden Grove Pty Ltd for US$210 million.  Economic risk and benefit of the Golden Grove mine were passed to EMR BidCo from 1 January 2017 and the share sale agreement was completed on 28 February 2017.

For further information on the sale, please read the Media Release.

Golden Grove is a base and precious metals mine located in Western Australia, Australia.


It is located approximately 450 kilometres north-east of Perth and 250 kilometres east of Geraldton.

The two underground mines produce zinc in zinc concentrate, copper in copper concentrate and a high precious metals (HPM) concentrate using sub-level stoping.

Golden Grove produced 38,128 tonnes of zinc and 12,194 tonnes of copper in 2016.

 

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