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Resolute aims to cut debt, re-rate stock

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.

Michael Quinn
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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