PERTH (miningweekly.com) – 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.
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.