Gold miner to raise funds for liquidated subsidiary

A Bendigo company says it will try to raise money over the next few weeks to pull its subsidiary out of liquidation.

GBGM Operations was placed in liquidation last month, after going into administration last year.

Its parent company, Greater Bendigo Gold Mining, says it will issue shares soon to try to recapitalise.

Managing director John Cahill says it is planning on recommissioning an Inglewood gold mine that closed last year.

"Over the past few months we've been undertaking some limited work at the mine, bringing it into a state where it's able to be back in operation as soon as we're able to achieve the recapitalisation," he said.

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