Regis Resources (ASX:RRL) has repaid the $300 million syndicated loan facility well ahead of the maturity date of 30 June 2025.
The company says due to its “strong” financial position, Regis repaid the loan facility in full using existing cash reserves.
As of 31 December 2024, Regis had $529 million cash and bullion at hand.
Further, the company is well advanced in negotiations for establishing a revolving credit facility to provide ongoing flexibility and additional liquidity. The negotiation of this facility continues and is anticipated to be finalised in the coming weeks.
CFO Anthony Rechichi says the early repayment has been enabled by consistently delivering the company’s plan over an extended period.
“We continue to work to finalise the establishment of a revolving credit facility, which is a cost effective and prudent capital management outcome that will provide the company with sufficient flexibility and liquidity to pursue our organic and inorganic growth objectives,” Rechichi says.
Regis Resources is a gold producer and explorer focused on its assets in Australia. The company’s assets include the Duketon, Tropicana, and McPhillamys projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Regis Resources
