Blue Gold has successfully secured $140 million (approximately CI$116.42 million) in committed funding to restart operations at the Bogoso and Prestea gold mines in Ghana’s Western Region.
This revitalization effort is backed by a comprehensive financing package that includes a new $65 million secured loan from an institutional investor who had not previously been involved with the project, as well as a previously announced, but until now undrawn, $75 million equity line of credit.
The influx of capital marks a significant step toward reactivating one of Ghana’s historically important mining assets, signaling renewed confidence in the region’s gold production potential and promising economic opportunities for local communities and stakeholders. Read more...
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