Orea receives positive court opinion on Montagne d’Or
Toronto-listed Orea Mining’s share price gained 4.5% on Wednesday, after the company said it had received a positive opinion by a reporting judge announcing that the French government's deemed nonrenewal of the Montagne d'Or mining concession is not valid.
A final ruling is expected by the Administrative Court of Cayenne, French Guiana, on December 24.
"Although the announcement is preliminary, court decisions generally tend to follow the opinion of the reporting judge" said Orea CEO Rock Lefrancois.