Gold miner Millennium Minerals has reached an in-principle agreement with shareholder IMC Group for a A$20-million mezzanine debt facility to provide working capital as delays at the Bartons underground and the sulphide plant at Nullagine, in Western Australia, continued.
The gold miner on Friday amended the production forecast for 2019, from the previous guidance of between 90 000 oz and 100 000 oz, to between 80 000 oz and 90 000 oz, with all-in sustaining costs for the period expected to increase from the previous estimate of between A$1 300/oz and A$1 375/oz, to between A41 370/oz and A$1 450/oz.