Shareholder commentarySome commentary contained in annual results from the Blackrock World Mining Trust, which I hold:
https://www.investegate.co.uk/blackrock-world-mining-trust-p--brwm-/prn/final-results/20210304200403P0D43/ ...For the Company, the most beneficial deal was the announced purchase of Teranga Gold by Endeavour Mining. The Company bought its exposure in Teranga Gold in December 2019 when the business sought finance for the purchase of the Massawa gold project from Barrick Gold. Since then, the shares have risen almost threefold and the ability to retain ongoing exposure to the assets through a holding in Endeavour Mining means additional value can accrue to the Company over time...
Pleased to hear that they're not selling. As at 31st December they held GB£8.9m of TGZ stock.
Cheers,
Mark