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Gold miner Resolute raises capital to clear debt

Dual-listed gold producer Resolute Mining says an underwritten A$140 million equity raising is the “final step” in its “transition to (becoming) a sustainable gold producer with a de-risked balance sheet”.

Gold miner Resolute raises capital to clear debt Gold miner Resolute raises capital to clear debt Gold miner Resolute raises capital to clear debt Gold miner Resolute raises capital to clear debt Gold miner Resolute raises capital to clear debt

Syama, Mali

The raising, which prices new shares at 16c each, will reduce net debt from US$156 million to $65 million.

Resolute shares last traded at about 20.5c.

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