MONTAGE GOLD SECURES US$825 MILLION FINANCING PACKAGE FOR THE CONSTRUCTION OF ITS KONÉ PROJECT IN CÔTE D'IVOIRE
Barrick(GOLD) Prnewswire·2024-10-24 12:25
HIGHLIGHTS: US$825m financing package secured from strategic partners Wheaton Precious Metals and Zijin Mining to fund the build of the Koné project in Côte d'Ivoire, increasing Montage's liquidity sources to US$968m inclusive of cash on handWheaton Precious Metals to provide a US$625m gold stream and a US$75m loan facilityMontage retains significant exploration upside as the stream is limited to the Koné and Gbongogo deposits plus a 500-meter boundary and an expanded area of interest until certain dropdown ...