NexGold and Signal Gold to merge, forming a 200,000 oz/year gold developer with $11.5M financing.
NexGold Mining Corp. and Signal Gold Inc. have agreed to merge, forming a leading near-term gold developer focused on advancing their respective Goliath Gold Complex and Goldboro Gold Project. The combined entity aims to produce over 200,000 ounces of gold annually, with 4.7 million ounces in Measured and Indicated resources. The deal includes an $11.5 million financing, enhancing project development while reducing single asset risk.
October 10, 2024
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