Australia's De Grey Mining rises on approval of debt facility for gold project

De Grey Mining

28/06/2024 01:23

** Shares of De Grey Mining  DEG.AX  rise as much as 3.2% to
A$1.125, hitting their highest level since June 7
    ** Gold miner says credit approvals secured for Hemi Gold
Project in Western Australia
    ** Says proposed A$1.0 bln ($664.90 mln) senior debt
facility from a syndicate of banks and existing cash expected to
fully fund development cost of the project
    ** DEG among top gainers on the benchmark S&P/ASX 200 index
 .AXJO 
    ** Stock had fallen 11.9% this year, as of last close

($1 = 1.5040 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))