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Galleon Gold ( (TSE:GGO) ) has issued an announcement.
Galleon Gold Corp. has announced a significant financial move involving a $46 million debt facility from Pan American Silver Corp. and a $25 million equity financing through private placements. The funds will be used to advance the West Cache Gold Project, repurchase a net smelter royalty, and for general corporate purposes. This financial strategy is expected to bolster the company’s operational capabilities and strengthen its market position, with the debt facility and equity offerings set to close by the end of 2025, pending regulatory approvals.
More about Galleon Gold
Galleon Gold Corp. operates in the mining industry, focusing on gold exploration and development projects. The company is primarily engaged in advancing its West Cache Gold Project, aiming to enhance its infrastructure and underground development.
Average Trading Volume: 173,093
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$46.85M
See more data about GGO stock on TipRanks’ Stock Analysis page.