Black Cat Syndicate Ltd. ( (AU:BC8) ) has shared an announcement.
Black Cat Syndicate Limited has successfully secured $65 million through a two-tranche placement to institutional and sophisticated investors, aimed at accelerating the development of its Kal East Gold Operations. The funds will be used to increase mining production and optimize throughput rates, ensuring a steady supply of ore to the Lakewood processing facility. This financial boost will also support studies for the Mt Clement Antimony Project and provide working capital, allowing the company to remain unhedged and debt-free, thereby strengthening its market position.
More about Black Cat Syndicate Ltd.
Black Cat Syndicate Limited is a company operating in the gold mining industry, focusing on accelerating gold production. The company is involved in mine development and processing operations, with a particular emphasis on the Kal East Gold Operations and the Lakewood processing facility.
YTD Price Performance: 52.68%
Average Trading Volume: 3,438,359
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$511.8M
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