Great news today with Andean American. Trafigura has taken an equity investment in the amount of $3,000,000 and has long term off-take agreements for the sale of the Invicta project’s copper, lead and zinc concentrates. The Company and Trafigura also intend to negotiate a project finance, cost overrun and working capital facility for up to… Continue reading Andean American Partners with Trafigura
Tag: mining
Andean American Announces $3M Financing
March 24/10 – Andean American announced a $3 million non-brokered private placement at $0.40. These funds will be used to advance the gold Invicta project and general working capital.
Jr Gold Mining Company
Stay tuned for a new junior gold mining company that I will be introducing the first week of April. This company is priced low and has the potential to be great!
Sinchao Metals Announced a $1 Million Private Placement
Today Sinchao Metals announced a $1 million financing. These funds will go towards advancing the Sinchao project and general working capital.
Andean American Mining Update
Andean American is awaiting an updated Feasibility Study to reflect the increased resource estimate. Barclays Capital and WestLB AG have been engaged as joint lead arrangers for debt financing of US $68 million to move the gold-copper-silver Invicta project into production.