Established Australian copper and gold producer and explorer, Aeris Resources Limited (ASX: AIS) has announced that the first quarterly repayment of A$7.5 million under its Acquisition Bridging Facility has been paid today, one month ahead of its scheduled date.
A$30 million Acquisition Bridging Facility – scheduled quarterly payments of A$7.5 million starting 1 October 2020.
First payment made 1 September – 1 month ahead of schedule.
Strong Cracow performance and high gold price facilitates early repayment.
Aeris’ Executive Chairman, Andre Labuschagne, said: “The high gold price and strong performance of the Cracow Gold Operation has provided the opportunity to make the first A$7.5 million repayment on the Acquisition Bridging Facility a month early.”
“Operational delivery, mine life extensions and debt reduction are our priorities for FY21. Strong cashflows in the first two months of our ownership of Cracow has enabled this early debt repayment, whilst still maintaining financial flexibility to continue investing in our operations.” he said.