11 Jan 2017, Roberto Herranz, EMIS Editor
Canadian Contin-ental Gold secures $250 mn in financing for Buriticá gold mine project
The credit agreement provides immediate access to $100 million due to the “satisfaction of certain customary conditions”, and it will be primarily used for project development, construction, and working capital, Finance Colombia highlighted.
Citing a press statement issued by the Canadian company, Finance Colombia also remarked that some $30 million can be destined to equipment financing.
Located in Antioquia department (north-western Colombia) and next to Cauca river, Buriticá gold mine is expected to produce up to 4.7Moz of recovered gold in the next 18 years, according to Continental Gold’s website.
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