METS

Emerald appoints MACA as miner

First gold expected second quarter next year

 MACA has been appointed to mine stuff like this in Cambodia

MACA has been appointed to mine stuff like this in Cambodia

The project entails a large open cut mine with the MACA contract worth US$230 million over seven years.

The plan is for mobilisation to start in August and pre-production mining in October.

MACA's appointment follows Emerald signing a credit agreement with Sprott earlier this week for a $60 million debt facility.

Okvau is forecast to produce an average of 106,000 ounces at all-in sustaining costs of $754/oz.

Emerald launched a two-tranche A$75 million equity raising in late January that's pricing new shares a 4c each.

Shareholder approval for the second tranche is being sought today, with Emerald also planning a 1-for-10 share consolidation for the circa 4 billion shares it has on issue.

Shares in Emerald were at 3.8c in midday trade, capitalising the company at $115 million.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.