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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   25/07/2016
 
Toro Gold awarded Mining Concession for Senegal Project
 

Toro Gold Ltd announced the award of a Mining Concession in respect of its wholly owned Mako Gold Project, in Eastern Senegal.

A presidential decree was signed on 14th July 2016 awarding a 15 year mining concession to the Project.

Based on the award, Toro Gold will now finalise the raising of development funding through a combination of a US$100m secured loan facility and a US$77m equity placement to leave the Company fully funded to first gold production inclusive of construction cost contingency, development cost overrun support, working capital and corporate costs. Further, the Company will move to commence construction activities through the appointment of construction contracting groups within a short time frame with production of first gold targeted for the first quarter of 2018.

The Project is developing a + 1 million ounce reserve, at an average grade of 2.25g/t, which is planned to be extracted over an 8 year operating life after an initial 18 month construction period.


 
 
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