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On 15th March, Continental Gold (CGOOF) announced that it has obtained a $175 million financing package backed by gold major Newmont (NEM) and Triple Flag Mining Finance, and its shares soared by 11%.
It's been no secret for a long time that Continental Gold needed around $100 million in additional funding to finish the construction of its Buritica project in Colombia. I warned about this in my first article on the company all the way back in August 2018.