2467: ECR fundraise to accelerate Maddens gold production

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ECR Minerals has completed a fundraising designed to help it accelerate the production process at Maddens. It could now be weeks rather than months before the underground portion of the Maddens gold mine in Australia goes into production, and ECR is keen to hurry the process along as fast as possible. To that end it has completed a modest raise at a fairly mild discount, as the work continues. The company's executive chairman Nick Tulloch joins Vox to explain the thinking behind the raise, and to tell us what happens next.