News Alert: Caldas Gold Completes a $240 Million Financing
Fully funded with a total of approximately US$240 million raised
Caldas Gold is a spinoff of Gran Colombia and is building the next large scale mining operation in Colombia. Moreover, they’re a Canadian junior mining company currently advancing a major expansion and modernization of its underground mining operations at its Marmato Project in the Department of Caldas, Colombia.
“We recently completed a 240 million dollar financing that includes a bought deal, a streaming done by Wheaton and a private placement to have a fully financed project in our hands,” says CEO and Executive Chairman Serafino Iacono.
Caldas Gold’s Marmato Project comprises of the existing producing underground gold and silver mine in the Upper Zone. This includes the right to mine in the lower portion of the neighbouring Echandia license area, the existing 1,200 tpd processing plant and the area encompassing the Deeps Zone mineralization. Further, this is all located within the mining license area referred to as Zona Baja. The current mine has been in operation since 1991. The Marmato Project has excellent infrastructure, being located by the Pan American Highway. Additionally, it has access to Medellin to the north and Manizales to the south. It also has access to the national electricity grid which runs near the property.
For more information on Caldas Gold Corp. (TSX.V: CGC, OTCQX: ALLXF) please fill out the form below.