LEADERSHIP

Stay of execution for Eastern Goldfields

IMPERILED Eastern Goldfields has managed to loosen the noose around its neck, with executive chairman Michael Fotios convincing Investec to hold fire on any action following EGS’ failure to make a A$5 million plus debt repayment on August 1.

Eastern Goldfields is looking to be saved from the grave.

Eastern Goldfields is looking to be saved from the grave.

The company, whose website promises "a bright future", looks again likely to deliver investors anything but, however it has managed to convinced its syndicated facilities lender to hold fire - briefly....

Start a free trial to continue reading this article

Already have an account?

Subscribe now
MORE ON THIS TOPIC

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.

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.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.