Mining News

Pasofino raises $5.5m for Dugbe study

Canadian mineral explorer Pasofino Gold has entered into a nonbrokered private share placement to raise $5.5-million, of which about $4.5-million has been subscribed for by Turkish miner Esan. The funding provides sufficient capital for Pasofino to complete the definitive feasibility study on Aim-listed Hummingbird Resources’ Dugbe gold project, in Liberia, over which Pasofino has an earn-in agreement. The study is on track to be delivered in the second quarter of 2022.

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