Galantas Gold Corporation said it had signed a further loan agreement for US$530,000 and extended its current £1.06 million loan with Ocean Partners UK Ltd for the Cavanacaw mine in Omagh, Northern Ireland. USES The Canadian company said it would use the funds to development underground mining operations and for working capital. Ocean Partners offers […]
Tag: loan
Scotgold lowers output guidance as it mulls Covid loan
Scotgold Resources Ltd slightly lowered its production guidance for March due to slow recruitment and training as the junior miner said it was considering a Covid-19 government loan. The Australian company said that the delay to production had resulted in a negative impact on the company’s cash position. Scotgold reported it had made some progress […]