04/11/2024 - 17:56

Meeka swaps debt for $35m equity to fully fund WA gold mine

04/11/2024 - 17:56

Bookmark

Save articles for future reference.

Meeka Metals has deftly rid itself of a proposed debt facility and 12,000 gold call options that would have encumbered its soon to be completed gold mine near Meekatharra as investors stump up $35m in equity. A DFS tabled in May that showed the project will spit out pre-tax free cash of $577m is set to be enhanced in December with updated modelling.

Subscribe today for award-winning, unbiased and trusted journalism

Subscription Options