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Results: RMM

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Rambler ponders growth funding - recovery buy?

Unloved Canadian copper, gold and silver producer Rambler Metals & Mining (RMM) is considering potential funding alternatives in its plan for major expansion at its flagship Ming mine in the Baie Verte peninsula on the country’s north-eastern seaboard after chalking up a hefty C$16.6 million (£7.7 million) loss in the year to July.


Rambler, a gamble for the bold

Unloved Canadian copper producer Rambler Metals & Mining (RMM) is to take over Thundermin, its 50-50 joint venture partner in the Little Deer and Whaleback copper projects straddling northern Newfoundland and Labrador on the Atlantic coast. This all-share deal follows hard on the heels of a new C$5 million (£2.5 million) offtake agreement for its flagship Ming copper and gold operation in the same region, for whose proposed expansion it hopes to have finance in place this autumn.

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