G Mining Ventures Completes Second and Final Draw on $75 Million Term Loan from Franco-Nevada
All amounts are in USD unless stated otherwise
BROSSARD, QC, April 23, 2024 /PRNewswire/ – G Mining Ventures Corp. (“GMIN” or the “Corporation“) (TSX:GMIN) (OTCQX: GMINF) is pleased to announce that it has drawn the remaining approximately $33 million on its $75 million senior secured term loan with an affiliate of Franco-Nevada Corporation (“Franco-Nevada“), as previously announced in July 2022. The proceeds of the term loan will be used to continue the development and construction of GMIN’s 100% owned Tocantinzinho Gold Project (“TZ” or the “Project“), currently under construction in the State of Pará, Brazil. The Project remains on track and on budget for commercial production in H2-2024.
Related news for (GMINF)
- G Mining Ventures Ramping up Operations Towards Commercial Production at Tocantinzinho and First Export of Doré
- G Mining Ventures and Reunion Gold Complete Business Combination
- G Mining Ventures Announces Closing of Private Placements and Receipt of Final Order for Arrangement with Reunion Gold
- G Mining Ventures Announces Shareholder Approval of Arrangement with Reunion Gold
- G Mining Ventures Announces First Gold Pour at Tocantinzinho Project