Cora Gold (“Cora”), which is developing the Sanankoro project in Mali, has announced that it has secured a binding agreement for a US$120m gold stream in return for 30.44% of gold produced from Sanankoro at a price equal to 20% of the spot gold price. The stream is with Eagle Eye Asset Holdings (“Eagle Eye”) which already owns 29.9% of Cora. In our view, this is a significant derisking event for the project, with the funding allowing Cora to advance with pre-production workstreams with increased ....
