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Horizon Gold Ltd ( (AU:HRN) ) has shared an announcement.
Horizon Gold Limited has secured a $2 million short-term funding facility from its major shareholder, Zeta Resources Limited. This unsecured loan, with an interest rate of 10.35% per annum, provides Horizon Gold with financial flexibility to advance its Gum Creek Feasibility Study, potentially strengthening its position in the gold exploration sector.
More about Horizon Gold Ltd
Horizon Gold Limited operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in progressing its Gum Creek Gold Project, aiming to enhance its feasibility and production capabilities.
YTD Price Performance: -3.12%
Average Trading Volume: 42,345
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$67.35M
For detailed information about HRN stock, go to TipRanks’ Stock Analysis page.