PDI Gold to take 9.9% stake in gold explorer Skylark Minerals for A$5.1M
Australia's PDI Gold is investing A$5.1 million for a 9.9% strategic stake in Cote d'Ivoire gold explorer Skylark Minerals, Reuters reported.
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what happened
According to Reuters, PDI Gold Ltd has announced a strategic investment of 9.9% in Skylark Minerals, a gold explorer operating in Cote d'Ivoire.
PDI Gold will put A$5.1 million into the deal.
why it matters
The deal involves a small gold explorer, so its effect on the gold price is limited. For investors in junior miners, it is an example of strategic stakes in African projects.
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instruments
sources
- PDI Gold Makes Strategic 9.9% Investment In Skylark Minerals — Reuters, 2 November 2026 at 01:21 UTC
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