For those RSG SH who wish to know what the outcome of the sale of the Ravenswood Gold Mine could generate in income to RSG.
Extracted from a question to ChatGPT.
As of March 2025, Resolute Mining Limited has received a total of A$180 million from the sale of the Ravenswood Gold Mine, with potential to receive up to an additional A$120 million, contingent on future investment outcomes.
Payments Received to Date:Upfront Payment (March 2020): Upon the sale's completion, Resolute received A$100 million, comprising A$50 million in cash and A$50 million in promissory notes.
Gold Price Contingent Payments:June 2024: Resolute received A$30 million as part of the gold price contingent payment. morningstar.co.ukSeptember 2024: An additional A$20 million was received, fulfilling the maximum A$50 million contingent upon gold prices.
Potential Future Payments:Resolute is entitled to receive up to A$150 million, linked to the investment outcomes of Ravenswood for EMR Capital. The exact amount and timing of these payments depend on the future performance and profitability of the Ravenswood Gold Mine under its current ownership. haoma.com.auTherefore, Resolute has secured A$180 million to date from the sale, with the possibility of an additional A$120 million, contingent on future investment results.
P.S. Does anyone know whether any or all of the $50mill in promissory notes has been paid to date? I know there was a 6% coupon rate over four years so I am not sure if it has been repaid in total or partially.
RSG Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
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