trending Market Intelligence /marketintelligence/en/news-insights/trending/tY8hesw8UVRNwsIodYhVKQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Avesoro secures further US$8.5M working capital loan from majority shareholder

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

State of the Market: Mining Q2-2019

Avesoro secures further US$8.5M working capital loan from majority shareholder

West Africa-focused gold producer Avesoro Resources Inc. entered into another loan agreement with its 97.90%-owner, Avesoro Jersey Ltd., comprising a working capital facility of up to US$8.5 million to fulfill the company's near-term cash flow needs.

The company intends to draw down the entire amount available under the new facility in the coming days and will use the funds for general working capital purposes, it said Dec. 12.

Following drawdown, total working capital loans provided by Avesoro Jersey to the company will be about US$55.7 million.

The new facility will accrue interest on the drawn amount at a fixed rate of 3.0% per annum, and will be repaid in full within 12 months following drawdown.

In October, Avesoro entered into a loan agreement with Avesoro Jersey for an unsecured working capital facility of up to US$5 million.