CAPITAL MARKETS

Macquarie modifies Coolgardie financing terms

MACQUARIE Bank has asked Herald Resources to provide a guarantee of $3 million in relation to a $7 million non-recourse loan provided for the development of the Coolgardie gold project in Western Australia.

Michael Quinn
Macquarie modifies Coolgardie financing terms

The re-jig of the financing arrangements comes as a result of the under-performance of the project to date, with processing, mining and toll treatment difficulties being suffered by Herald and joint venture...

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