Kingsgate Consolidated Limited (AU:KCN) has released an update.
Kingsgate Consolidated Limited successfully secured a US$35 million term facility from Nebari, marking a significant financial milestone for the company. The funds will enable Kingsgate to clear shareholder loans, acquire new mining equipment, expand exploration, and enhance the Chatree Gold Mine’s resources, while also allowing for capital restructuring. Both Kingsgate and Nebari express optimism about the partnership’s role in advancing Chatree towards full production.
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