Tombola Gold Ltd (AU:TBA) has released an update.
Tombola Gold Ltd reported gold production and revenue challenges in its latest quarterly activities, with less gold recovered than forecasted and only $2 million in gross revenue realized. The company faced operational difficulties, including a critical crusher failure and lower ore grades, which led to a reduced operational surplus and cash flow. To address financial disruptions, Tombola secured a short-term $4.25 million debt facility to restart production and cover working capital needs.
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