Belmoral selling Astoria stake, 40% of Yorbeau for $5 million

Cash-strapped Belmoral Mines (TSE) has agreed to sell its 50% stake in the Astoria gold property near Rouyn-Noranda, Que., to joint venture partner Yorbeau Resources (TSE). Belmoral is attempting to pay off short-term debts of $9 million. It is also...

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