CAPITAL MARKETS

IGO into New Century as the latest big fundraising forced on zinc developer

THE latest fundraising by New Century Resources that will see A$51.1 million banked and the arrival of IGO as an 18.4% shareholder, takes funds raised externally for the originally flagged $125 million Century tailings reprocessing operation to around the $300 million mark.

The Century zinc mine in Queensland

The Century zinc mine in Queensland

New Century will issue new shares at 15c per share in the latest raising, with nickel, copper and gold miner IGO putting in $27 million. In April 2018 New Century's plans were to spend $62.5 million...

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