OPIC could finance mine expansion in Honduras

OPIC could finance mine expansion in Honduras

Loans Project & Infrastructure Finance Honduras

The Overseas Private Investment Company (OPIC) could lend $35m to Canada's Ascendant Resources for a mine expansion project in Honduras. The proposed seven-year loan will be enough to fund Ascendant's plans at El Mochito, including a new underground shaft and upgrades to the mill and underground water pumps, the mining company said in a press release. "Once the expansion program has been completed, [the loan] will structurally reduce the all-in cost base for the El Mochito mine that should ena

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