Kingsgate Secures $35M to Boost Chatree Mine

Kingsgate Consolidated Limited (AU:KCN) has released an update.

Kingsgate Consolidated Limited has secured a US$35 million term facility with Nebari Gold Fund and Nebari Natural Resources Credit Fund to refinance existing debt, accelerate the Chatree Gold Mine operations, and support exploration and capital restructuring efforts. The strategic financing will strengthen Kingsgate’s balance sheet and support its commitment to enhancing shareholder value as it ramps up production and exploration activities. Management expressed confidence that the partnership with Nebari will bolster Kingsgate’s growth and production capabilities.

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