Rebuilding Confidence

Tanzania: Canada’s TRX Gold may raise debt in 2023 to help fund Buckreef expansion

By David Whitehouse

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Posted on December 21, 2022 09:04

© The Buckreef project in Tanzania lies just south of Lake Victoria. Photo supplied. — The Buckreef project in Tanzania lies just south of Lake Victoria. Photo supplied.

Canada’s TRX Gold may seek to raise debt as part of its plan to expand production at the Buckreef project in Tanzania, CEO Stephen Mullowney tells The Africa Report.

The company, which trades on the New York and Toronto stock exchanges and is currently debt-free, may seek to raise bank debt or project financing during 2023, Mullowney says, without giving an amount.

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