AGP Executive Report
Last update: 9 minutes agoMining Deal in Suriname: Gold Fields is paying about US$55.7m (C$77m) to lift its stake in Suriname explorer Founders Metals to just under 20%, buying 14.1m shares at C$5.44 and funding Founders’ move to take full control of the Antino gold project near the Lawa River. Project Consolidation: The financing supports Founders’ buyout of Nana Resources’ 30% in Lawa Gold for US$17m cash plus shares and up to US$21m in milestones, giving Founders 100% of the 1,024 sq km Antino district on a royalty-free basis. Space & Kourou Watch: EUMETSAT’s Meteosat Third Generation Imager 2 (MTG-I2) is set to launch Aug. 27 from Kourou on an Ariane 6, bringing faster, higher-resolution weather imaging for Europe. Ariane 6 Cost Pressure: Europe has shelved planned Ariane 6 Block 3 upgrades after funding fell short, with officials warning launch subsidies still run roughly €32m–€38m per flight. Local Business Safety: A Las Vegas man linked to threats against businesses in St. George, including a Costco case, has been indicted federally; prosecutors say he used violent threats and slurs. Education Support: The back-to-school allowance is being paid to nearly three million families across mainland France, Guadeloupe, French Guiana and Martinique, with amounts rising by child age.
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