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Polymetals Halves Debt, Raises A$15M to Power Endeavor Mine Ramp-Up
8:48am on Monday 7th of July, 2025 AEST
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Mining
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Polymetals Halves Debt, Raises A$15M to Power Endeavor Mine Ramp-Up
8:48am on Monday 7th of July, 2025 AEST
Key Points
US$20 million debt facility reduced to US$10 million
A$15 million equity placement at $0.80 per share to replace undrawn debt
Endeavor Mine progressing toward steady state with silver-lead and zinc concentrates stockpiled
Ocean Partners to make first pre-payment under offtake agreement
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