1. Most Discussed
  2. Gainers & Losers
PGO 5.7¢

News: Primary Gold to secure financing arrangements

  1. Primary Gold (ASX:PGO) has been granted an ASX trading halt regarding its future financing arrangements.

    The halt will last until the announcement being made or the start of trade on Wednesday, 11th February 2015.

    During the December Quarter 2014, the company updated the financial model for restart of gold production at its Toms Gully gold mine in the Northern Territory.

    At an assumed spot gold price of A$1,550, the project is expected to have C3 costs (less once-off start-up Capital) of between A$985 to A$995 per ounce.

    Project cash flow is expected to be A$47 million to A$52 million for a three-year Reserve with revenue of between A$220 million and A$225 million.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.