May 7, 2021
Colombian gold miner Mineros said it plans to borrow up to $25 million to fund the acquisition of the Luna Roja exploration project in Nicaragua.
The Medellín-based company will take out the loans in Colombia and Nicaragua "at available rates" with backing from Mineros Aluvial, one of its divisions in Colombia, if necessary, it said in a securities filing on Wednesday.
Mineros announced in December last year that its Nicaraguan subsidiary Hemco agreed to buy 50% of Luna Roja from Royal Road Mine
Colombian gold miner plans to borrow up to $25 mln to pay for full ownership of the Luna Roja exploration project