Currently viewing Global edition

Sprott further backs budding miner

Resource Capital Gold Corp (CN:RCG) says it has settled US$8 million indebtedness thanks to a $5.5 million loan from Sprott Private Resource Lending over its high-grade Dufferin gold mine in Nova Scotia.

Sprott further backs budding miner Sprott further backs budding miner Sprott further backs budding miner Sprott further backs budding miner Sprott further backs budding miner

Loan will pay off RCG’s purchase of Dufferin gold mine

RCG acquired the Dufferin project in October 2016 for $9.5 million plus a net smelter royalty of 1%.

It plans to repay the credit facility through proceeds from Dufferin production, whic...