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'Material increase' in cost of Woodlark gold project expected by Geopacific

GEOPACIFIC Resources has warned of a "material increase in the capital cost" of the Woodlark project and has formally come to agreement with lender Sprott as to what is to happen with the debt funding arrangements for the now uncertain gold development in Papua New Guinea.

Michael Quinn
Not looking too great at Woodlark after warning of likely "material increase" in capital cost

Not looking too great at Woodlark after warning of likely "material increase" in capital cost

The agreement includes funding for the previously flagged A$255 million development to first come out of equity cash, to be followed by US$15 million from a Sprott gold streaming arrangement, and then...

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