International Goldfields Limited (IGS) is a precious metals focused Brazilian explorer; introducing exposure to production for the Company through a transaction with US based Santa Fe Gold Corp.
The parties are finalising a revised transaction structure given current market conditions and remain commited to completing a transaction to ensure IGS gets significant exposure to Santa Fe and its assets with Sante Fe utilising IGS' short and medium term balance sheet.
SFEG has low-cost gold and silver production from its Summit Mine targeting 28,000 oz pa (gold and gold equivalent), an operating mill, near-term development assets and a portfolio of advanced exploration assets upon completion.
This portfolio of properties and investments offers excellent potential for the discovery and development of multi million ounce world class gold deposits. It is the ultimate goal of IGS to increase production through discovery and development of resources that provide attractive shareholder returns.