Belmoral gets $2 m refundable credit

Toronto-based Belmoral Mines (TSE) recently received an assessment notice from the Quebec Ministry of Natural Resources relating to provincial mining duties.

Belmoral is scheduled to receive a $2.2-million refundable credit on exploration funds spent in Quebec. The company said the proceeds will be applied to its operations in Val d’Or, Que., and for general working capital purposes.

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