trending Market Intelligence /marketintelligence/en/news-insights/trending/xh6qW4VNvmcG40_1-NQDwQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In This List

Cardinal Resources raises A$17.6M for Namdini gold project

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Metals & Mining

Global Mining Industry Outlook - What Are the Expectations?


Cardinal Resources raises A$17.6M for Namdini gold project

Cardinal Resources Ltd. raised A$17.6 million through the trading of its listed options that expired Sept. 30.

The company said Oct. 3 that 117,398,958 options were exercised, representing 99.84% of the issued options. A total of 188,081 options were unexercised.

Cardinal Resources said proceeds will be used to strengthen its balance sheet and advance its Namdini gold project in Ghana.

The company recently appointed former Barrick Gold Corp. executive David Anthony as COO to oversee Namdini, which hosts total proven and probable reserves of 5.1 million ounces of gold within 138.6 million tonnes at 1.13 g/t, according to an April study.