https://newsletter.mw.creamermedia.com
Business|Financial|Flow|Gold|Resources|Flow
Business|Financial|Flow|Gold|Resources|Flow
business|financial|flow-company|gold|resources|flow-industry-term

Ramelius enters into new A$175m revolving debt facility

The Edna May Symes openpit mine

The Edna May Symes openpit mine

3rd July 2024

By: Creamer Media Reporter

     

Font size: - +

Gold miner Ramelius Resources on Wednesday announced a A$175-million revolving corporate facility as an upsized replacement to a previous A$100-million facility.

The Western Australian gold producer has executed a syndicated facility agreement with Australia and New Zealand Banking Group, Commonwealth Bank of Australia, National Australia Bank, Natixis CIB, and Westpac Banking Group.

The facility has a four-year term with the option to extend by a further year.

“We are very pleased to enter into this facility with our syndicate of lenders who are also considered to be our business partners. While Ramelius has a strong balance sheet and we generate significant operating cash flow, we feel it is important to have the added financial flexibility which this low-cost revolving debt facility provides us,” said MD Mark Zeptner.

For the three months ended June 2024, the company generated underlying free cash flow of about A$137-million. At July 2, Ramelius had A$352.5-million in cash and gold on hand, which is after the recent strategic investment in Spartan Resources of A$180.4-million, leaving Ramelius with more than A$500-million in liquidity.

Edited by Creamer Media Reporter

Comments

Latest News

Vedanta gets $300m loan commitment for debt refinancing
Vedanta gets $300m loan commitment for debt refinancing
10th January 2025 By: Reuters
Caterpillar machine and logo
Caterpillar celebrates its 100-year anniversary
10th January 2025 By: Darren Parker

Showroom

SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 
RioCarb
Rio-Carb

Introducing the Rio-Carb Smart Chute Concept - a revolutionary advancement in materials handling, designed for the toughest industries like mining...

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:0.131 0.203s - 128pq - 2rq
Subscribe Now