UK's Cora Gold shines on $120 mln funding for Mali project

Cora Gold

17/04/2026 08:25

** Shares of Cora Gold CORAC.L rise as much as 26.8% to 13 pence

** Co agrees stream financing worth $120 million with Eagle Eye Asset Holdings to fund development of Sanankoro Gold Project in southern Mali

** Cora retains option to replace 50% of the stream with traditional senior debt within 240 days after approvals, co says

** Eagle Eye entitled to buy 30.44% of gold output at 20% of prevailing spot gold prices

** YTD, stock is up ~80%

 (Reporting by Neeshita Beura in Bengaluru)

 ((Neeshita.Beura@thomsonreuters.com))