Resolute Mining Limited (AU:RSG) has released an update.
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Resolute Mining Limited announced receiving an initial A$30 million from Ravenswood Gold Pty Ltd as part of a restructured payment agreement, with an additional A$20 million expected by September 2024. The restructure also includes amendments to promissory notes, potentially increasing Resolute’s cash flow through higher interest rates and extending the maturity date to December 2027. These financial moves are set to bolster Resolute’s liquidity and support growth projects while maintaining a positive relationship with Ravenswood.
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