Latest Credit Facility News

Kalamazoo Resources reported a robust cash balance of AUD 8.8 million at quarter end, underpinned by a significant equity raise that offsets ongoing exploration and administrative outflows. The company’s funding runway extends beyond three quarters, positioning it to advance its Ashburton Gold Project drilling activities.

Stanmore Resources defied a four-year low in metallurgical coal prices to deliver record saleable production and robust cash flow in 2025, while maintaining a strong safety record and advancing key development projects.

Antilles Gold has ramped up construction at its Nueva Sabana gold-copper mine in Cuba, with a $35 million funding package in place and production slated for early 2027. The company is also progressing pre-development and exploration activities on multiple Cuban concessions.

EVZ Limited has upgraded its banking facilities by replacing Commonwealth Bank with HSBC, expanding total committed credit to $15.5 million. The new arrangements offer improved terms and greater financial flexibility to support growth across its Energy & Resources and Building Products divisions.

PLS Group has upsized its senior notes offering to US$600 million at 6.875%, using proceeds to refinance A$375 million of debt and halve its revolving credit facility.

Genesis Minerals is set to acquire Magnetic Resources for approximately A$639 million, offering Magnetic shareholders a 25-35% premium. The deal unlocks synergies at the Lady Julie Gold Project, where an updated underground production target extends mine life to 14-19 years with improved economics.

Whitehaven Coal (ASX:WHC) has entered a US$600 million senior secured syndicated loan facility with a 4.5-year tenor, aimed at refinancing existing debt, lowering funding costs, and extending debt maturity. The facility reflects lender confidence in the company’s financial discipline and credit profile.

Alkane Resources delivered 45,776 ounces of gold equivalent in Q3 2026, boosted cash and bullion holdings to $362 million, and maintained its full-year production guidance amid stable operations.

Aurelia Metals has locked in a A$150 million senior secured financing package, strengthening its balance sheet and unlocking restricted cash to support its copper production growth targets.

KMD Brands has reported solid half-year growth and launched a $65.3 million equity raising alongside debt refinancing to support its Next Level transformation strategy.

Alkane Resources has locked in a $110 million revolving credit facility alongside a $40 million contingent instrument facility, enhancing liquidity and banking ties to support its mining operations and growth projects.

Ramelius Resources has withdrawn forward-looking financial statements based on a high gold price assumption, issuing a revised investor presentation that reaffirms its strong production growth and shareholder return plans through to FY30.