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PERSEVERANCE Corporation plans to issue $30 million in subordinated convertible notes to fund open cut and underground development at its Fosterville gold mine, step up exploration and repay an existing debt facility.
Managing director Graeme Sloan told MiningNews.net the funds would leave the company in a “very strong financial position”
“All of it’s going to be used at Fosterville,” Sloan said.
Additional 30,000m of drilling since July delivers resource growth at WA goldfield
