Societe Generale and BNP Paribas refinanced Roxgold’s existing credit facility, providing an additional $20 million revolver to support its Yaramoko Gold Mine.
Roxgold amended its credit facility with BNP Paribas and Societé Generalé to reduce borrowing costs and obtain more financial flexibility. The borrowing base was reduced to $60 million from $75 million.
Roxgold announced the first draw of $30 million has been completed under its $75 million project finance facility for the development of the Yaramoko Gold Project. Societe Generale and BNP Paribas provided the facility.