Make Kitco Your Homepage

New Century announces A$34.7M capital raising to reduce debt

Kitco News

Editor's Note: Get caught up in minutes with our speedy summary of today's must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here!

(Kitco News) - New Century Resources announced Wednesday it is undertaking a A$34.7 million capital raising.

Funds will be used to retire debt, as well as general working capital.

New Century Resources (ASX:NCZ) is an Australian base metal producer operating the Century Mine in Queensland, which it bought in 2016 and rehabilitated.


Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.