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Highlands finance structure locked and reloaded

HIGHLANDS Pacific has finalised its previously mooted finance restructure at its Kainantu operation in Papua New Guinea, along with a $US20 million ($A25.7 million) capital raising through Resource Capital Fund, which will fund the re-optimisation of production and near-mine exploration.

MiningNews.Net
Highlands finance structure locked and reloaded

The restructure is designed to reduce its hedging commitments back from more than 227% of production over two years to 60% of production over four years, in a deal that will include a 50,000oz gold loan....

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