08:46 AM EDT, 05/07/2019 (MT Newswires) -- Harte Gold (HRT.TO) said late Monday that it has secured a senior debt financing package for US$72.5 million ($97.6 million) from BNP Paribas and an equity investment of US$10 million from Appian Natural Resources Fund.

The company said proceeds will be used to repay all existing debt and strengthen its net working capital position.

Furthermore, the company said the Ministry of Energy, Northern Development and Mines and the Ministry of Environment, Conservation and Parks issued permits authorizing an increase in mine production to 800 tpd. This allows for the increase in gold production at minimal cost from 41,000 ounces to 65,000 ounces per year.

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