PERTH (miningweekly.com) – Gold miner Havilah has made the final repayment on a A$6-million loan facility, allowing the company to become debt free only seven months after the first gold pour at its Portia gold mine, in South Australia.
The final repayment was also made four months before its due date.
“This means Havilah will be entering 2017 debt free and building its cash reserves on the back of continuing gold production from Portia,” said Havilah MD Chris Giles.
“We are very grateful to Investec for its support over the last 14 months, in providing us with the funds to construct the processing plant and are pleased to have met our repayment obligations ahead of time.”