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Aureus Mining raises 26bn dollars to fund New Liberty development

Tue, 15th Apr 2014 14:54

Liberia-focused gold miner Aureus Mining has raised a total of 26bn dollars (15.6m dollars) to fund the development of its New Liberty gold deposit.The company is to raise proceeds of $15m through an underwriting placing and a further $11.1m from an investment from International Finance Corporation (IFC), the private sector arm of the World Bank Group."The funds raised through the offering give Aureus a robust balance sheet as we draw down on our project finance facilities for the completion of the construction of New Liberty as well as allowing us comfort in accessing the additional cost overrun facility should it be required," said David Reading, President and Chief Executive Officer of Aureus. Reading said that the construction of New Liberty remains on budget and on schedule to start production in the first quarter of 2015.The share price was down 8.3% at 27.06p by 14:59 on Tuesday.BC
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14 Oct 2016 11:36

Aureus Mining raises $72m to fund transition

(ShareCast News) - Aureus Mining announced on Friday that it has conditionally raised approximately $72m via an equity fundraising to finance its transition to an owner-operator mining model, repay amounts due to Nedbank and FirstRand Bank, and to strengthen its balance sheet. The AIM-traded firm sa

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8 Aug 2016 11:58

Aureus Mining battles mechanical issues and needs further funding

(ShareCast News) - Gold production at Aureus Mining has continued to be hindered by breakdowns, mechanical issues and low equipment availability at the processing plant at its New Liberty mine in Liberia and with just $4.2m cash left at the end of the second quarter new management admitted the compa

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8 Aug 2016 09:47

WINNERS & LOSERS SUMMARY: Melrose Gains As Nortek Deal Moves Ahead

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15 Jul 2016 17:47

Aureus Mining Closes Tranche 2 Of Equity Financing With MNG (ALLISS)

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23 Jun 2016 07:30

Aureus Gets Approval To Restart Processing Operations At New Liberty

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21 Jun 2016 08:17

Aureus Mining Closes Tranche 1 With MNG After Raising USD15M (ALLISS)

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16 Jun 2016 15:12

UK Shareholder Meetings Calendar - Next 7 Days

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15 Jun 2016 15:26

Aureus Mining secures $30m equity financing

(ShareCast News) - Aureus Mining has secured equity financing of $30m with MNG Gold Jersey, which it said will strengthen the balance sheet and fund working capital as it completes the restart of the processing plant at the New Liberty gold mine in Liberia. The $30m equity investment at 3.21p per sh

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15 Jun 2016 09:48

WINNERS & LOSERS SUMMARY: Poundland Rises On Steinhoff Bid Interest

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15 Jun 2016 06:53

MNG Gold Takes 55% Stake And Assumes Leadership Of Aureus Mining (ALLISS)

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9 Jun 2016 09:29

Aureus Plant Still Suspended As Company Searches For More Funds

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1 Jun 2016 14:08

Aureus Mining wins more time at New Liberty

(ShareCast News) - West African gold producer Aureus Mining announced a fresh deferral to its debt repayments on Wednesday, allowing it more time to get its gold processing plant running. The AIM and TSX-traded firm said it has received approval from Nedbank, Rand Merchant Bank and the Export Credit

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1 Jun 2016 07:40

Aureus Mining Defers Debt Repayment Again To End Of June

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23 May 2016 07:05

Aureus Mining Hopes To Restart New Liberty Plant Within Two Weeks

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13 May 2016 09:38

WINNERS & LOSERS SUMMARY: Inmarsat Bruised By Eutelsat Read-Across

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