JOHANNESBURG (miningweekly.com) – Aim-listed Goldplat’s subsidiary Gold Recovery Ghana (GRG) has entered into a prepayment facility deal with Auramet International to accelerate the receipt of funds due from Aurubis in December 2015 and January 2016.
The prepayment agreement provided for the payment of interest at three-month London Interbank Offered Rates plus 5% on an annualised basis.
In November, the African gold producer’s Ghana operations received $1.4-million for backlog material sold to Aurubis Refinery.
This enabled GRG to pay two of Goldplat's major gold material suppliers in Ghana, which, in turn, would enable GRG to draw materials from those suppliers and accelerate expansion in Ghana.