Shares of Greystar Resources jumped 45 percent after the company said it won’t have to redesign its Angostura gold project in Colombia to conform to new mining regulations in the country. In a statement, Greystar said Colombia had accepted its appeal against a demand to resubmit an environmental study on the project.
Greystar Resources is a Canadian company listed on the Toronto Stock Exchange, but it also has a listing on London’s Alternative Investment Market.