Wishbone Gold surges on Honduras gold venture
Shares in trading group UK-based Wishbone Gold rose 20 percent as it unveiled a new joint venture aimed at tapping gold mining in Honduras. The company’s Honduras unit inked a 30-year deal with SION Honduras, which has an agreement with the Honduran government to expand the mining industry there.
The venture will provide equipment and expertise to small mines in Honduras to enable them to increase production.
In return, the mines will supply Wishbone's trading subsidiary Black Sand FZE with all the output at preferential prices.
Source: ProActive Investors UK