Vancouver-based Northern Vertex Mining (TSXV: NEE) (US-OTC: NHVCF) has amended the terms of a loan and lined up two new sources of financing totaling US$13.6 million to improve cash flow at its newly producing Moss gold-silver mine in northwest Arizona.
Vertex achieved commercial production at Moss on Sept. 1, 2018 — becoming the newest gold producer in the U.S. — and expects the open pit, heap leach mine to produce 36,000 to 40,000 oz. gold equivalent in its first year of production (32,000 to 36,000 oz. gold and 224,000 to 248,000 oz. silver).
In its latest financial dealings, Vertex has made three new arrangements:
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