Minmet’s money for development

Gold mining company Minmet plc has raised over US$1.5 million (€1.2 million) from a share placing with institutional and private investors in London and Dublin.

The money will be used to fund development work at the company’s Bjorkdal mine in northern Sweden.

Minmet chairman Rolf Nordstrom has raised his interest in the company to almost 21% as a result of the placing.