Resolute Mining Limited
(ASX:RSG) has arranged to accelerate its debt repayments, in a move to strengthen the company’s balance sheet.
The company advised shareholders that continued strong cash generation from operations and the resulting accumulation of cash and bullion had positioned the company to accelerate the repayment of its senior secured debt facilities.
Resolute Mining’s US$20 million gold prepay loan facility has been settled in full, alongside a debt restructure agreement regarding the accelerated repayment of Resolute’s US$50 million cash advance facility.
Resolute’s Managing Director and CEO John Welborn said the new repayment arrangements demonstrated the company’s confidence in ongoing operational performance.
Resolute Mining reported a net loss of $568.76 million at 30 June 2015.
