International Goldfields Limited (IGS) is a precious metals focused producer/explorer; introducing production to the Company through the strategic merger with US based Santa Fe Gold Corp.
The proposed merged entity will be a diversified, well-funded and low cost gold-silver explorer, developer and miner, dual listed on the ASX and also traded on a major US exchange or on the OTC Bulletin Board, with assets in New Mexico, US and in emerging major gold districts in Brazil and West Africa.
The combined entity will have a projected initial market capitalisation of approximately A$70 million, cash reserves of at least A$10 million, low-cost gold and silver production targeting 28,000 oz pa (gold equivalent), an operating mill, near-term development assets and a portfolio of advanced exploration assets upon completion.
Management of the two groups is complementary and combines the necessary skills and experience to operate existing production operations as well as advancing properties from exploration through to development and production.
This portfolio of properties offers excellent potential for the discovery and development of multi million ounce world class gold deposits. It is the ultimate goal of IGS to increase production through development of exitsting resources and make major gold discoveries for future development that provide attractive shareholder returns.