Middle East
Equinox Gold Attracts $130m Investment From Abu Dhabi
Equinox Gold has attracted a $130m investment from Abu Dhabi’s state-owned Mubadala Investment Co. in the form of convertible notes.
The notes are for five years with a 5% interest rate convertible at $1.05 per share, a 25% premium to the 10-day volume weighted average Equinox share price. Mubadala will be granted a seat on Equinox’s board and standard anti-dilution rights.
Equinox plans to use the funds to move the Castle Mountain gold project forward in California, refinance a portion of existing debt, and for general and working capital expenses.
Equinox is moving the Castle Mountain heap leach gold mine in California towards phase one production in 2020. This historic mine will start its next life as a 200,000 oz. gold per year producer. Measured and indicated resources are 242.2 million tonnes at 0.63 g/t gold for 4.3 million contained ounces. The inferred resource is 171.4 million tonnes at 0.40 g/t gold for 2.2 million contained ounces.
Courtesy: Mining.com
“Take the time to learn the material,understand your costs, and build relationships with experts”
Taiia Jewelry and Tessitore 1888 launch limited fine jewellery collection merging design with craftsmanship
Abdullah Sakkijha Jewelry partners with Al-Aman Fund for Eid-focused charity jewellery collection
Jawhara launches 18k gold ‘Shamsa’ collection inspired by Emirati heritage across GCC markets
Al Fardan unveils Gulf heritage-inspired collection with mother-of-pearl and diamond highlights
Global stars don elegant jewellery pieces from Iconic brands
The revival of the choker
International Diamond Laboratory Dubai welcomes Shaunak Shastree & Francesco Natale as new owners
Danat and Graff unveil exclusive butterfly pendant
From next-gen customers to AI-powered retail, 6th Retail Jeweller Middle East Forum decodes future-ready strategies for the jewellery business
The Retail Jeweller World Dubai Forum 2021 shines a spotlight on the industry’s brightest achievements
Agile Leadership: What Kept the Boat Floating
A decade of home: Staying ahead in the game
ROI & GMROI : True Measure of Financial Dynamics in Retail
Driving finger-falls to footfalls: Aurum Bazaar
Dive: Must Reads of the Week
We bring you a fortnightly wrap of the most significant retail happenings absolutely free of cost. A free subscription to Retail DIVE will keep you ahead in business and know-how!
Dive: Must Reads of the Week
We bring you a fortnightly wrap of the most significant retail happenings absolutely free of cost. A free subscription to Retail DIVE will keep you ahead in business and know-how!
You must be logged in to post a comment Login