PERTH (miningweekly.com) – ASX-listed Titan Minerals has launched a strategic review into the assets of newly acquired Core Gold, flagging the potential divestment of its Peruvian and noncore gold assets.
Core Gold has been delisted from the TSX-Venture Exchange since Titan’s acquisition of the Canadian company, with Titan now working on consolidating the Core Gold assets and management.
The company told shareholders that it was considering various corporate restructuring alternatives for the subsidiaries of the combined companies.
The strategic review being undertaken is focused on improving the efficiencies of the combined operations, optimising Titan’s ability to achieve its overall development strategy, and focusing on the near-term exploration and development of the Dynasty gold project and the Copper Duke project, in Ecuador.
Meanwhile, Titan noted that it has appointed adviser Bacchus Capital to coordinate the company’s response to a number of expressions of interest received pertaining to the Peruvian and noncore gold assets.
The company is reviewing proposals from interested third parties, and will formulate a response to these.
Bacchus will also assist Titan with its strategic review and corporate restructuring process.