Mining Weekly reported that International Goldfields and Santa Fe Gold Corporation have signed the paperwork for a merger.

As quoted in the market report:

The combined entity would have a market capitalisation of some A$70-million and cash reserves of at least A$10-million, with gold and silver production of some 28 000 oz/y of gold equivalent, an operating mill, near-term development assets and a portfolio of advanced exploration assets.

To view the whole Mining Weekly report, click here.