Resolute Mining Unlocks Additional AU$77 million Through Ravenswood Vendor Note Repayment
Resolute Mining Limited (ASX: RSG) has confirmed the full repayment of the Vendor Financing Promissory Note linked to the 2020 sale of its Ravenswood Gold Mine, further strengthening its balance sheet position. The Company expects to receive a total payment of approximately AU$77 million (US$54 million) by 30 June 2026, comprising both principal and accrued interest. This repayment follows an earlier AU$50 million inflow received in 2024 under the Gold Price Contingent Promissory Note, while an additional Upside Sharing Promissory Note linked to EMR Capital’s investment outcomes remains in place. Management highlighted that the latest inflow represents incremental value realisation from the Ravenswood divestment and provides enhanced financial flexibility to support Resolute’s West African gold operations, including Syama in Mali and Mako in Senegal, as well as future organic growth initiatives such as the Doropo project in Côte d’Ivoire. The transaction further reinforces Resolute’s strengthened cash position as it focuses on its core production and expansion strategy across Africa.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Resolute Mining Unlocks Additional AU$77 million Through Ravenswood Vendor Note Repayment
Resolute Mining Limited (ASX: RSG) has confirmed the full repayment of the Vendor Financing Promissory Note linked to the 2020 sale of its Ravenswood Gold Mine, further strengthening its balance sheet position. The Company expects to receive a total payment of approximately AU$77 million (US$54 million) by 30 June 2026, comprising both principal and accrued interest. This repayment follows an earlier AU$50 million inflow received in 2024 under the Gold Price Contingent Promissory Note, while an additional Upside Sharing Promissory Note linked to EMR Capital’s investment outcomes remains in place. Management highlighted that the latest inflow represents incremental value realisation from the Ravenswood divestment and provides enhanced financial flexibility to support Resolute’s West African gold operations, including Syama in Mali and Mako in Senegal, as well as future organic growth initiatives such as the Doropo project in Côte d’Ivoire. The transaction further reinforces Resolute’s strengthened cash position as it focuses on its core production and expansion strategy across Africa.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au