NYSEAM:CTGO - Post by User
Post by
JasleenDhakaon Mar 22, 2023 5:12pm
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Post# 35354752
Contago Enters into a project financing agreement!
Contago Enters into a project financing agreement! Contango has just secured a US$70 million loan from ING and Macquarie. The purpose of this loan is to help fund CTGO's portion of the capital expenditure (CAPEX) needed to move forward with the Manh Choh gold project in Alaska.
This project is a joint venture with Kinross, who owns 70% of the project and will be responsible for operating it. The plan is to start producing gold from the project in the second half of 2024.
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