https://www.miningweekly.com
Gold|Mining
Gold|Mining
gold|mining

Resolute starts early debt repayment

9th June 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Resolute Mining has repaid $20-million in debt in advance of its repayment schedule.

The company’s first scheduled repayment under its current term loan facility is in September, with Resolute on Wednesday telling shareholders that it was intent on repaying all its term loan obligations through operating cashflows.

The early repayment has reduced the company’s’ revolving credit facility balance to $130-million.

“This early repayment strengthens Resolute’s balance sheet and reduces ongoing borrowing costs. Our teams remain focused on improving operational performance with that cash generation,” said CEO Stuart Gale.

“The flexibility of the revolving credit facility then provides us with the option to continue repaying debt ahead of maturities with operating cashflow and proceeds from potential noncore asset sales.”

Edited by Creamer Media Reporter

Comments

Projects

Image of lithium ore stockpile
Lithium conversion plant, Australia
Updated 2 hours 29 minutes ago By: Sheila Barradas
Aerial view of the Amapá mine
Amapá iron-ore project, Brazil
Updated 2 hours 29 minutes ago By: Sheila Barradas

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.117 0.155s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: