This seems good, but the $8M loan must be just for keeping them afloat. I was waiting to hear whether they could get the $22.5M loan for expansion of the Orosi mine/mill that was canceled in October. I did not realize they had an emergency with a loan coming due very soon.
The cost of the loan extension is approximately 8% additional cost (from the shares) on an annual basis, plus the cash fees, plus the change in existing warrants, so the lender did not give this to them easily.
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