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Published 2 months ago

Golconda Gold Announces Closing of Gold Streaming Transaction for Its Galaxy Project - Empress Royalty (OTC:EMPYF), Golconda Gold (OTC:GGGOF)

Summary by Ground News
Golconda Gold Ltd. has completed the US$5 million stream transaction relating to its Galaxy project in South Africa with Empress Royalty Holding Corp. The proceeds will be used to fund the expansion required in Phase 2 to take production to 48,000 tpm and 2,800 recovered gold ounces per month. The Investment is based on 3.5% of the payable gold production from the Galaxy mine.

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