Mining News

Firefinch raises A$100m for African gold plans

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Gold miner and lithium developer Firefinch has completed a A$100-million institutional share placement, allowing the company to fast-track production growth at its Morila gold mine, in Mali.

The company on Monday said that it would place 149.3-million shares, at a price of 67 each, to new and existing investors. The placement price represented an 11.3% discount to Firefinch’s last closing price on December 8, and an 8% discount to the company’s ten-day volume weighted average share price.

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