12 December 2023
12 December 2023
Goldrush is forecast to produce around 130,000oz in 2024 and approximately 400,000oz per annum by 2028.
With the licence renewal, Freeport can begin a definitive feasibility study (DFS), paving the way for the final investment decision (FID) on the project.
BHP Group has carried out a major executive leadership team reshuffle, with four key appointments announced by CEO Mike Henry.
The funding includes $60m in senior secured debt along with a $10m equity subscription and $10m in additional equity financing.
The Porgera gold mine is expected to generate more than $7bn over a 20-year expected mine life.
The company will use the proceeds to conduct exploration at the Root Bay deposit and Junior lithium project in Ontario, Canada.
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