Osisko Gold is increasing the issuance to $600 million (9.25%, maturing in 2031) to finance the construction of the Cariboo project. Approximately 121 million will be used to repay the Appian credit line, with the remainder going toward an interest reserve and project development. Equinox Gold is calling back its entire 172.5 million USD convertible bond issue (4.75%). Bondholders may still convert their bonds—if fully converted, this will result in up to 28.5 million new shares. Silver Tiger is raising 87 million CAD through a firm commitment (with an option to increase to approximately 100 million), thereby securing financing for El Tigre through the planned start of production in late 2027.
Note: This broadcast is produced and published on behalf of Osisko Gold Group, Equinox Gold, and Silver Tiger, and is funded by the companies.
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