Gascoyne mandates banks for debt financing

September 18, 2017

Responsive image

Gold developer Gascoyne Resources has mandated the Commonwealth Bank of Australia and the National Australia Bank to arrange a debt facility of up to A$60-million to fund the development of the Dalgaranga gold project, in Western Australia. “Mandating tier 1 Australian lenders for the debt funding required for the development of Dalgaranga is a strong vote of confidence in the project and the work undertaken by the Gascoyne team since we finished the feasibility study in November last year,” said Gascoyne MD Mike Dunbar.

Category: General