Hidalgo Mining International Expands Banking Relationshipadmin
Hidalgo Mining International announced that the company has continued and is expanding its banking relationship with JP Morgan Chase in lieu of recent developments, and in line with management’s plan to expedite multi-site production operations and gold recovery. Management announced that its banking relationships are being enhanced in part because of recent permit renewals, geological reports and assays, and the previously announced reduction in the company’s overall debt structure. Yesterday the company announced that it has eliminated more than $3 million of the company’s debt associated with major equipment acquisitions without increasing the current outstanding number of shares of the company’s common stock.
Hidalgo Mining International, an innovative mining company headquartered in Port Washington, NY, strives to increase shareholder value, while implementing aggressive plans to continue targeting near term mining production projects on a global scale. HMIT’s management, directors, and advisors hold an abundance of experience and knowledge to implement expansion in this rapidly growing industry.