G Mining Ventures Corp. secures $250 million gold stream and remaining financing to fund Tocantinzinho gold project to production
Type: Financing · Technology: Mining, Other · Country: Brazil · Announced: 2024-01-15
G Mining Ventures Corp. confirmed the Tocantinzinho gold project in Pará, Brazil is 76% complete, fully funded to commercial production with a $250 million gold stream from Franco-Nevada Corporation fully drawn and $82 million of undrawn debt facilities available as of December 31, 2023.
Counterparties
- G Mining Ventures Corp (Developer)
- franco-nevada affiliate (term loan provider) (Lender)
- Franco-Nevada Corporation (Investor)
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