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Guyana Goldfields tackles debt

Guyana Goldfields will aim to restructure its debt before year end to provide it with more operational and development flexibility as it seeks to continue exploring its concessions in Guyana, chief executive Scott Caldwell told Mining Journal.

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The debt facility enabled Aurora to be built but is stifling growth potential

The US$185 million in debt the company took on to build its Aurora gold mine contained various covenants to minimise execution risk and ensure the company focused on its development.

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