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Glen Eagle strikes another ore supply deal for Cobra Oro gold plant

Glen Eagle Resources Inc. secured another supply of ore for its Cobra Oro gold processing plant in Honduras.

The company said June 4 that local mining consortium Sociedad Industria Extractiva SA agreed to provide feed after it struck a similar deal with Compania Minera Moloncosa SA in March.

Glen Eagle also said it may acquire a majority stake in Sociedad Industria Extractiva's projects in the future.

The plant achieved commercial production in April 2017 after its capacity was expanded to 150 tonnes per day.