WAF west african resources limited

News: WAF West African Resources To Award Us$265 Million Debt Mandate To Sprott And Coris Bank

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    June 29 (Reuters) - West African Resources Ltd (WAF) :

    • TO AWARD US$265 MILLION DEBT MANDATE TO EXPERIENCED MINING-SECTOR FINANCIERS, SPROTT AND CORIS BANK
    • FULLY FUNDED TO FIRST GOLD AT KIAKA VIA CREDIT APPROVED US$265 MILLION LOAN FACILITY
    • FIRST DRAWDOWN OF LOAN FACILITY EXPECTED IN Q4 2023
    • ON TRACK TO BECOME A +400,000 OUNCE PER ANNUM GOLD PRODUCER WITH DEVELOPMENT OF KIAKA
    • UNHEDGED 10-YEAR PRODUCTION OUTLOOK ESTIMATES PRODUCTION OF MORE THAN 200,000 OZ GOLD PER ANNUM IN 2023 AND 2024
    • UNHEDGED 10-YEAR PRODUCTION OUTLOOK ESTIMATES PRODUCTION OF MORE THAN 400,000 OZ GOLD PER ANNUM FROM 2025 TO 2032
 
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