PROJECT FINANCE

GSilver takes new OCIM pre-payment facility

Guanajuato Silver (GSilver) has signed a term sheet with Swiss based precious metals trading firm OCIM Precious Metals to provide US$7.5 million in the form of a silver and gold pre-payment facility to strengthen its balance sheet during the ramp-up of the El Cubo mine and mill complex in Guanajuato, Mexico.

GSilver's El Cubo in Guanajuato, Mexico

GSilver's El Cubo in Guanajuato, Mexico

The pre-payment facility is for an 18-month term, secured against the El Cubo assets, and repayable over 12 months following a six-month grace period by GSilver delivering a fixed number of gold and silver...

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