Friday, 25 October 2013

Gold Mines to Build

Stories of financing and construction for two juniors this week

Torex has been one of the stronger stocks through the downturn with a $700m+ market cap, backed by high cash  from financing, though price has still halved from 2012 peak -  announced the start of mine construction this week at the Morelos property.

Asanko Gold (previously Keegan) raised $150m debt financing, conditional on DFS, from Red Kite meaning Esaase Gold mine should be fully financed.

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