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Resolute Mining Limited (ASX:RSG)

ALERT: Price-sensitive ASX Announcement for RSG
Current share price for RSG : $0.920 -0.11 (-10.68%)+
Announcement
Release
25 Jun 2026 8:19AM
Price at Release
$1.030
Full Release
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Summary
Resolute Mining Limited announced the full repayment of the Ravenswood Vendor Financing Promissory Note, amounting to A$77 million, including the outstanding principal and accrued interest. This payment is set to be received by 30 June 2026 and marks a positive financial outcome for the company. The repayment follows the earlier receipt of A$50 million under the Gold Price Contingent Promissory Note in 2024. The transaction stems from the sale of the Ravenswood Gold Mine in 2020. Resolute continues to focus on enhancing its financial flexibility and strengthening its balance sheet while concentrating on its core operations in West Africa.
Key Points
  • Resolute Mining Limited will receive full repayment of the Ravenswood Vendor Financing Promissory Note.
  • The payment of A$77 million comprises the outstanding principal and accrued interest.
  • This payment is expected to be received by 30 June 2026.
  • The Vendor Financing Promissory Note was part of the sale agreement for Ravenswood in 2020.
  • Resolute already received A$50 million in 2024 under the Gold Price Contingent Promissory Note.
  • The Upside Sharing Promissory Note for Ravenswood remains unchanged.
  • The repayment strengthens Resolute's cash position and financial flexibility.
  • Resolute Mining Limited focuses on its core gold portfolio in West Africa.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.