Argonaut completes financing package for Magino gold mine
The company has arranged a term loan of $200 million and a revolving credit facility of $50 million for development and construction of an open pit and conventional mill.
If they ink a definitive agreement, AngloGold could earn an initial 75% interest in three gold projects by paying $2.55m in cash plus $10m on exploration.
Province's Environment Department is testing on samples collected around the tailings pond following an alarm raised by environmental groups over what they believed was a leak at the facility.