Carlos Slim's Precious Metal Mining company, Minera Frisco, announced the purchase of Aurico's Ocampo mine and exploration assets in Chihuahua state Mexico for $750m.
Ocampo was the old Gammon Gold mine.
Aurico's stock jumped 20% higher, they will focus on Young Davidson in Canada and the former Capital Gold assets in Mexico.
So why did the world's richest man want a mine which has always struggled to fulfil its promise under Gammon and Aurico?
http://www.mineweb.com/mineweb/view/mineweb/en/page66?oid=159939&sn=Detail&pid=66
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