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Sihayo getting slab of equity funding to expedite, improve planned gold mine

SIHAYO Gold will emerge from a $39 million equity fundraising with $25 million cash, no debt, and a new substantial shareholder in the form of Indonesian mining company Merdeka.

Michael Quinn
Sihayo getting slab of equity funding to expedite, improve planned gold mine

The latter was led last decade by then-CEO Colin Moorhead, with Moorhead appointed executive chairman of Sihayo in early July. Merdeka will hold a 7.1% stake in Sihayo following a $4.9 million investment...

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