Luna Gold and JDL Gold (TSX-V: JDL) have announced an agreement to combine their businesses, creating a multi-asset mining company. The combined company intends to change its name to Trek Mining Inc. and expects to trade on the TSX-V under the ticker symbol “TREK”.
The combined company will have a diverse portfolio of assets anchored by near-term production from the Aurizona gold project in Brazil and increasing gold production from milling operations at the Koricancha Mill in Peru. In addition, exploration upside at Aurizona and a pipeline of exploration-stage projects with Warintza (Ecuador), Ricardo (Chile) and Elk Gold (BC, Canada) provide a platform for growth, setting Trek Mining on the path to its vision of becoming a leading mid-tier gold producer.
The companies hosted a joint webcast and conference call on February 2. Investors can watch the archived webcast or download the presentation slides.
Additional details about the transaction are available here.