CAPITAL MARKETS

Resolute targets debt removal and stock re-rating

RESOLUTE Mining is aiming to be debt-free by the end of 2020 on the back of strong operational performance and this week’s unveiling of a near-A$200 million raising to repay US$130 million of debt provided by private equity firm Taurus for the acquisition last year of Toro Gold.

With the roaster fixed and the underground mine ramping up Resolute expects a big year from Syama ... and a debt free company by the end of 2020

With the roaster fixed and the underground mine ramping up Resolute expects a big year from Syama ... and a debt free company by the end of 2020

The $196 million in equity being sought comprises a $146 million institutional raising, a $25 million placement with Resolute's major shareholder ICM, and up to $25 million from the rest of Resolute's...

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