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Miners making hay as gold shines on price rises

Posted on 20 March 2014

Goldminers are rapidly making use of the funding window that has opened up thanks to the recent rise in the gold price. Indochine Mining is the latest, seeking $20 million at a hefty premium to its share price. It launched the raising late last week and by Wednesday had $15 million. It expects to raise the rest in the next few days.
The raising comes as Kingsgate Consolidated seeks $60 million at a discount of 30 per cent to its share price. Doray Minerals raised $17 million last month, Silver Lake $40 million, Perseus $30 million and Saracen $60 million………………………………………..Full Article: Source


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