Gold miner Perseus Mining has finalised the financing plan for its Yaouré gold mine, in Cote d’Ivoire, after accepting a committed letter of offer from three international banks providing $150-million in corporate debt facilities.
The consortium of banks, consisting of Macquarie Bank, South Africa’s Nedbank and The Sociéte Générale of France has offered the ASX- and TSX-listed Perseus with a revolving line of credit, with interest payable being LIBOR plus a margin that will initially be 425% and will vary in line with the company’s leverage ratio.