PROJECT FINANCE

If Perseus brave enough, funding for Sudan gold venture sorted

IF PERSEUS Mining gets brave enough, it is now well positioned to start building a big gold project in the geopolitically-evolving Sudan later this year after replacing an existing US$150 million facility with a $300 million syndicated revolving corporate facility.

Meyas Sand gold project

Meyas Sand gold project

Based on net cash of $405 million at the end of December, the new facility provides Perseus $705 million of available liquidity with a three-year tenure to 31 March 2026. The company said it expects...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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