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Millennium gets cash buffer

MILLENNIUM Minerals has convinced its major shareholder, IMC Group, to grant a A$7.5 million extension to May‘s $20 million loan facility to provide a buffer as it seeks to overcome delays leading to lower than expected production and further development of its Nullagine gold project.

Haydn Black
Millennium's Bartons portal.

Millennium's Bartons portal.

However, delays in the approvals for the Crow and Condor pit extensions the high-grade Golden Gate mining centre mean 2019 guidance was revised down from 80,000-90,000oz to 70,000-75,000oz last month. ...

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