Ravenswood Vendor Promissory Note Fully Repaid

Summary by AI BETAClose X

Resolute Mining Limited will receive a full repayment of A$77 million (approximately US$54 million) by June 30, 2026, for the Vendor Financing Promissory Note related to the 2020 sale of the Ravenswood Gold Mine, which includes outstanding principal and accrued interest. This repayment is separate from the A$50 million Gold Price Contingent Promissory Note received in 2024 and does not affect the Upside Sharing Promissory Note. The company views this as a positive development that strengthens its cash position and provides additional financial flexibility for its West African operations and growth initiatives.

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