{
  "id": 9378580,
  "title": "Highlander lines up $330M Corani silver project debt",
  "url": "https://urgent.news/2026/09/23/highlander-lines-up-330m-corani-silver-project-debt",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T15:26:00.000Z",
  "source": {
    "name": "Mining.com",
    "slug": "mining-com",
    "url": "https://www.mining.com/highlander-lines-up-330m-corani-silver-project-debt/"
  },
  "original_language": "en",
  "account": "Highlander Silver has secured a proposed $330 million seven-year senior secured debt financing for its Corani silver project in Peru, according to Natixis Corporate & Investment Banking. The loan will be fully underwritten and feature a cost-overrun provision of up to $100 million, arranged by the company itself before the first draw. Final amounts are pending due diligence and approvals, with closing anticipated in the first quarter of 2027. The financing brings Highlander closer to funding Corani's construction, a fully permitted project containing 229 million ounces of proven and probable silver reserves. An updated feasibility study is expected this year and will detail revised reserves and resources, as well as Highlander's staged development approach. No equity financing is anticipated, with the build estimated to require $450-$500 million in capex. BMO Capital Markets projects the mine will begin construction in the first half of 2027 and commence production by the end of 2029. The proposed Natixis loan would cover approximately 72% of construction costs, aligning with previous estimates.",
  "summary": "The financing moves Highlander closer to funding construction at Corani, a fully permitted project in Peru’s Puno region.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}