Strong gold price to flow through to Kainantu

PNG-focused gold producer Highlands Pacific is renegotiating its financing and discussing a gold loan with a “syndicate of financiers”, which will reduce its hedging commitments from its Kainantu mine to 60% over the next four years.

Strong gold price to flow through to Kainantu
Strong gold price to flow through to Kainantu
Strong gold price to flow through to Kainantu
Strong gold price to flow through to Kainantu
Strong gold price to flow through to Kainantu

Highlands still owes $US24.77 million ($A31.7 million) following the repayment of $2.5 million in November, and has more than 100% of production for the next two years hedged.

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