Outperform rating for Inmet on Cobre Panama stake sale - RBC
Apr 26, 2012 | 06:22 AM
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Analysts at RBC Capital Markets have issued an outperform recommendation for mid-tier copper miner Inmet, as the $169 million sale of a 20% stake in its Minera Panama operation to Korean Panama Mining Corp (KPMC) closes.
Minera Panama is the owner and developer of the Cobre Panama copper-gold-molybdenum project, located 120km west of Panama City.
“KPMC has acquired its interest for $169 million....
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