Falgold seeks to raise $30m

Falgold seeks to raise $30m
Published: 02 May 2018
Zimbabwe Stock Exchange listed gold miner, Falcon Gold, is targeting to raise $30 million to finance a tailings treatment plant, working capital and exploration on four gold assets in Shurugwi, Midlands Province.

New Dawn Mining president and chief executive Ian Saunders told Business Weekly immediately after the firm's annual general meeting in Bulawayo yesterday that the new dispensation has resulted in huge investor interest in Zimbabwe's mining assets in general and the group's assets in particular.

Saunders said the mining group wanted to capitalise on huge investor interest and renewed confidence in Zimbabwe to raise funding which is badly required to fund phase two growth, anchored on gold assets in Shurugwi.
- Business Weekly
Tags: Falgold,


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