Galane Gold (TSE:GG) has released an update.
Golconda Gold Ltd. has completed a $5 million gold streaming transaction for its Galaxy project in South Africa, which will fund the expansion of the mine. The deal with Empress Royalty involves an initial delivery of 8,000 gold ounces, with the aim to enhance Galaxy’s production capacity. The funds will primarily be used for new mining equipment and to support the mine’s expansion to increase production and utilize the plant’s spare capacity.
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