February 8, 2019 |
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
US development bank considers a $35m loan for Ascendant's El Mochito