International Goldfields Limited (ASX:IGS) is a Perth based precious metals explorer with assets located in emerging mineralised provinces of Western Australia and Brazil. IGS is a focused Brazilian explorer advancing several recent gold discoveries at the Ouro Paz Gold Project to Maiden Resource estimation in 2013 with 700koz Au contained in 3.4Mt Measured and Indicated averaging 2.55g/t Au and 5.1Mt Inferred averaging 2.48g/t Au.
International Goldfields Ltd (ASX:IGS) Acquisition Target Winter Garden Biosciences Appoints Global Experts to Technical Team
International Goldfields Ltd (ASX:IGS) is pleased to provide an update about Winter Garden Biosciences ("Winter Garden" or "WG") operational plans for 2015/2016. WG is a Uruguayan biosciences and pharmaceutical company in which IGS has agreed to acquire an 85% interest.
Yesterday the Australian shares closed lower. The benchmark S&P/ASX200 index ended 52.4 points, or 1.4%, lower at 3683.3, while the broader All Ordinaries shed 56.4 points, or 1.53%, to 3624.0. The market is pessimistic about the company earnings ahead both in Australia and abroad as investors get prepared for the news that would bring some unpleasant surprises.
