The early repayment of the $25 million reduces the amount owed from $200 to $175 million and will ensure "substantial future cost savings in relation to budgeted interest on the debt facility".
No penalties for early repayment are due.
WAF has indicated it want to have all the debt cleared by the end of next year.
Production has going very well to date and with underground mining now moving into the high grade M1 South deposit, production of circa 300,000oz at all-in sustaining costs of about US$600 per ounce is understood to be possible over the next 12 months.
If that proves to be the case (and if the gold price remains strong), voila, no debt.
Shares in WAF were up 5.5% to A$1.07 in early trade, capitalising the company at $942 million.
