Highlands finance structure locked and reloaded

HIGHLANDS Pacific has finalised its previously mooted finance restructure at its Kainantu operation in PNG, along with a $US20 million capital raising through Resource Capital Fund, which will fund the re-optimisation of production and near-mine exploration.

13 February 2007
comments
share

The restructure is designed to reduce its hedging commitments back from more than 227% of production over two years to 60% of production over four years, in a deal that will include a 50,000oz gold

PNG's leading resources sector news service

Subscribe today and enjoy full access to PNGReport.com - the most comprehensive source of news on PNG's resources sector and related industries in the country and wider region.