Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Toubani Resources Limited Registered Shs ( (AU:TRE) ) just unveiled an announcement.
Toubani Resources has secured a credit-approved term sheet from Coris Bank International for a US$73.3 million senior secured project finance facility and a US$10.2 million mezzanine facility to help fund development of its Kobada Gold Project in Mali. The new Coris Bank funding will replace half of a previously announced gold streaming arrangement, forming part of roughly US$164 million in non-equity financing alongside the existing EEA Gold Stream, and underscores strong regional banking support for the project, which Toubani says is rapidly advancing through engineering, financing and permitting milestones toward a final investment decision and potential low-cost gold production in West Africa.
The most recent analyst rating on (AU:TRE) stock is a Hold with a A$0.49 price target. To see the full list of analyst forecasts on Toubani Resources Limited Registered Shs stock, see the AU:TRE Stock Forecast page.
More about Toubani Resources Limited Registered Shs
Toubani Resources Limited is a gold-focused mining company advancing the Kobada Gold Project in Mali, West Africa. The project is positioned as a technically simple, low-cost gold operation within a region where the company aims to become one of the next significant gold producers, targeting support from regional financiers experienced in mining projects.
Average Trading Volume: 883,298
Technical Sentiment Signal: Buy
Current Market Cap: A$13.01M
For a thorough assessment of TRE stock, go to TipRanks’ Stock Analysis page.