Toubani secures $208m in funding for gold mine development
Toubani Resources has completed a funding package totaling $302m to support construction at the Kobada Gold Mine in Mali.
The package includes a $160m gold stream facility and $48m in strategic equity financing.
The company aims to use the funds to complete project construction and exploration activities.
A senior secured facility of up to $40m is also being progressed with a syndicate led by AFG Bank.