Title : Mining Journal, reliably awful with basic facts
link : Mining Journal, reliably awful with basic facts
Mining Journal, reliably awful with basic facts
"The company is looking to raise up to $150 million with $80 million for project finance and $70 million to repay the Cofide bridge loan to build out Ollachea, which has reserves of 1 million ounces and 1.4Moz of resources and where IRL aims to develop a mine to produce 75,000-100,000 ounces a year."
Apart from the fact it's out by $70m on the target raise and they are looking for $80m and that the revised mine plan doesn't even consider 100k, all good. Also, after inquiry this desk now knows for a fact that the journalist couldn't be bothered to contact the company before publishing, which is a pity because if the lazy, half-assed hack had spent just two minutes hitting a number that's already on his phone log, he would have not published utter bullshit.
Thus Article Mining Journal, reliably awful with basic facts
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