bullish

TM: Kombat Mine to Be Acquired in All-Cash Transaction

226 Views04 Dec 2024 02:00
Issuer-paid
SUMMARY
  • TM received a term sheet for the purchase of its ownership of the Kombat Mine for a consideration in the range of US$30-50M.
  • The all-cash transaction is at the asset level, therefore removing a significant portion of TM’s debt, allowing them to realize the entire consideration.
  • Trigon also announced its Q2/25 operating and financial results, reporting weaker than expected financials compared to Q1, returning to a negative EBITDA position.
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