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MONTAGE GOLD SECURES US$825 MILLION FINANCING PACKAGE FOR THE CONSTRUCTION OF ITS KONÉ PROJECT IN CÔTE D'IVOIRE
GOLDBarrick(GOLD) Prnewswire· Prnewswire·2024-10-24 04:25

HIGHLIGHTS: US825mfinancingpackagesecuredfromstrategicpartnersWheatonPreciousMetalsand ZijinMiningtofundthebuildoftheKoneˊprojectinCo^tedIvoire,increasingMontagesliquiditysourcestoUS825m 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 US968m inclusive of cash on handWheaton Precious Metals to provide a US625mgoldstreamandaUS625m gold stream and a US75m 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 ...