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Challenger Gold secures strategic investment, advances toll processing agreement
Perth-based Challenger Gold on Friday announced the completion of a A$6.6-million strategic placement to an entity controlled by prominent Argentine businessman Eduardo Elsztain. The investment makes Elsztain Challenger’s biggest shareholder, with a 12.7% stake, and paves the way for his appointment as nonexecutive chairperson. The company also confirmed the payment of a S$2-million upfront fee under a toll processing agreement with Casposo Argentina Mining, guaranteeing the processing of 150 000 t/y of Hualilan material over three years. This milestone positions Challenger to capitalise on elevated gold prices and ... (full story)
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- Posted: Jan 10, 2025 12:59am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 164
