TSX-listed Columbus Gold, which is changing its name to Orea Mining, has identified select targets for acquisition and is in negotiations about acquiring an additional project in South America.
The company currently owns projects in French Guiana and says its priority for 2020 remains to add an additional advanced-stage gold project, in South America, to its portfolio.
Trading under its new symbol – OREA – starts on Friday.
The company explains that the name change to Orea is a natural progression as its operational scope expands, with an emphasis on sustainable and responsible mining.
“The new name emphasises the company's commitment to its growth strategy and corporate objective of evolving from an explorer to also a producer in South America, targeting projects that can be developed with a reduced environmental footprint and upholding the highest international standards for responsible mining,” said president and CEO Rock Lefrançois.