Doray Minerals has refinanced a $55 million debt facility with Westpac to help fund development of its Andy Well stage 2 gold project in the Murchison region of Western Australia.
Wall Street stocks have finished a volatile session sharply lower as worries about the strong US dollar and falling oil prices outweighed some positive earnings reports.
Sharp falls in oil prices have dragged inflation to near three-year lows, but borrowers shouldn't expect a rate cut from the Reserve Bank of Australia just yet, economists say.
Calls are mounting for a rate cut by the Reserve Bank of Australia after new figures showed business conditions were wasting away, with little to no momentum building in the economy.
A massive snowstorm descending on New York dulled Wall Street trade, but stocks ended a bit higher, helped by some positive quarterly earnings reports.
US stocks have soared after the European Central Bank announced a huge bond-buying stimulus program, with banks and big tech stocks leading the way helped by a sharply higher US dollar.
Gold prices have settled above $US1,300 an ounce for the first time in five months as investors anticipated weaker currencies on the back of the European Central Bank's bigger-than-expected bond-buying program.
The Australian dollar briefly fell to a two week low after the European Central announced its 60 billion euros ($A84.62 billion) a month economic stimulus plan.
A shock rate cut from the Bank of Canada overnight has added to calls for the Reserve Bank of Australia to do the same next month - with one economist calling Australia's interest rate levels "absurd".
Wall Street has finished higher for the third straight session, shrugging off global growth worries in expectation the European Central Bank will announce aggressive stimulus measures on Thursday.
The Australian dollar has plunged more than one US cent, after a surprise interest rate cut by the Bank of Canada and on expectations of a huge economic stimulus package from the European Central Bank (ECB).