Canadian Gold Producer Acquired by Chinese Mining Company

Canadian Gold Producer Acquired by Chinese Mining Company
View of the El Limon-Guajes mining complex owned by Canadian-based mining company Media Luna - Torex Gold Resources Inc. in Cocula, Mexico, on May 17, 2019. Canadian-based mining company Guyana Goldfields Inc. has been bought by Chinese company Zijin Mining Group Co. Ltd. Pedro Pardo/AFP via Getty Images
Isaac Teo
Updated:

A Canadian-based gold producer that has operated a mine in Guyana since 2015 has been acquired by Zijin Mining Group Co. Ltd., a multi-national mining company headquartered in mainland China.

The acquisition of Guyana Goldfields Inc., which owned Aurora Gold Mine in Guyana, South America, makes it the third Canadian mining company Zijin has bought in the last two years.