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Midway Gold (TSX:MDW,NYSE MKT:MDW) says it is in late state construction at its Pan gold project in Nevada with the first gold pour expected in January 2015. The company also said that it was closed a USD $55 million project finance facility with COmmonwealth Bank of Australia back in July with a first draw on the loan expected in November.
Midway Gold (TSX:MDW,NYSE MKT:MDW) says it is in late state construction at its Pan gold project in Nevada with the first gold pour expected in January 2015. The company also said that it was closed a USD $55 million project finance facility with COmmonwealth Bank of Australia back in July with a first draw on the loan expected in November.
According to the press release:
Pan is in late stage construction with a first gold pour expected in January 2015. A US$55M Project Finance Facility with Commonwealth Bank of Australia was closed in July 2014 with first draw on the loan expected in November.
Ken Brunk, president and CEO of Midway, said:
Midway continues to advance steadily to gold production at Pan. This milestone is what we have worked so hard toward these past few years. The reward for the effort is near. Our successes at Pan include permitting in record time, securing our debt financing in an extremely selective environment, and the placement of a hedging program to help protect our operations in an uncertain gold price environment.
Click here to read the Midway Gold Corp. (TSX:MDW,NYSE,MKT:MDW) press release