G mining ventures announces us$481 million financing package for tocantinzinho gold project

All amounts are in us dollars unless stated otherwise tocantinzinho gold project financed for construction existing cash on hand and committed capital from financing package totals over $535 million providing an estimated $81 million in cash and contingency continued support from eldorado gold via participation in equity financing franco-nevada providing a $353 million full financing solution including stream, debt, and equity la mancha becoming strategic investor and long term partner who will hold 25.0% of common shares project early works on budget and nearing completion enabling full construction to commence in q3-22 detailed engineering and procurement phase progressing in-line with feasibility study estimates brossard, qc / accesswire / july 18, 2022 / g mining ventures corp. ("gmin" or the "corporation") is pleased to announce that the corporation has entered into binding commitments with respect to a comprehensive construction financing package totaling $481 million for the development and construction of its 100% owned tocantinzinho gold project ("tz" or the "project"). the project remains on track to achieve production in the second half of 2024.
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