Resolute Mining Limited (AU:RSG) has released an update.
Resolute Mining Limited has bolstered its financial position by securing a senior debt facility of up to $140 million with Nedbank and Citibank, ensuring immediate access to $60 million with an option to extend by $80 million. The facility enhances the company’s liquidity, supporting the pursuit of growth opportunities without immediately drawing on the funds, as current projects like the Syama Phase 1 expansion are self-funded. This strategic financial move strengthens Resolute’s balance sheet, elevating its liquidity to over $200 million.
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