Gold and Silver

Resolute reduces debt further

Resolute reduces debt further
Mining News Pro - Gold miner Resolute Mining has voluntarily repaid an additional $30-million on its revolving credit facility (RCF), using proceeds from the recent $90-million sale of the Bibiani gold mine, in Ghana, to Asante Gold Corporation.
  Zoom:

Resolute on Friday told shareholders that the latest voluntary repayment brought the company’s total repayments in 2021 to $50-million, strengthening its balance sheet and reducing borrowing costs.

The early repayment reduces the RCF balance to $100-million while Resolute retains the flexibility to redraw funds to the $150-million threshold, up until the maturity date in March 2023.


   Short Link:  
Related News
Esfahan Mobarakeh Steel co.
HOSCO
khuzestan steel
chadormalu Co.
ghadir neiriz co
IranAluminaJaajarm
sangan steel
ahan o fulad golgohar