News: A1 Consolidated Gold to tap market on higher gold price

Gold company A1 Consolidated (ASX:AYC) could be among a number of gold listed companies raising funds as the gold price has moved up sharply to A$1,580 an ounce paving the way for interest for investors to turn to the sector again.

A1 will look to announce a raising following a Scoping Study of the Company’s 100% owned A1 Gold Mine in north-eastern Victoria that projected all in sustaining costs of operation of A$849 an ounce.

The study based the gold price at A$1,300 an ounce providing upside to project metrics at current gold price.

A1 has requested a trading halt till Friday to finalise a raising.

 

 

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