Simmers sells TGME to Stonewall Mining for R25m

Gold-mining junior Simmer & Jack Mines (Simmers) announced on Thursday that it would sell its Transvaal Gold Mining Estates (TGME) to Stonewall Mining for R25-million. TGME's gold mining operations in Mpumalanga have been under care-and-maintenance since March. In terms of the sales agreement, Stonewall has now assumed all care-and-maintenance costs.

Full "Mining Weekly" article