Argentina Gold Project Secures Financing

Argentina Gold Project Secures Financing

Argentina Loans Equity

Minera IRL will receive up to $80m funding for the Don Nicolas gold project in Argentina’s Santa Cruz province from investment fund Compania Inversora en Minas (Ciminas), the Latin American gold mining company says. The package breaks down into a $35m bridge loan and $45m equity investment. Ciminas takes a 45% equity stake in Minera IRL Argentina subsidiary MIRL Patagonia. Minera comes away with 51% ownership, with 4% going to the arrangers of the transaction, LatinFinance understands. Buenos Ai

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