West African Resources (ASX:WAF) Completes US$25m Early Debt Repayment

November 06, 2020 04:19 PM AEDT
Team Kalkine

Unhedged gold producer West African Resources Limited (ASX:WAF), in an announcement made on 6 November, declared that it has successfully completed a US$25 million early repayment of its finance facility with Taurus Funds Management Pty Ltd.

WAF said that early repayment was made without any penalties and will be giving out WAF with significant future cost savings with respect to the budgeted interest on the debt facility.

Commenting on this repayment, West African executive chairman Richard Hyde said that Sanbrado continues to make strong cash flows and that the company is very happy to have reduced the cost of debt by making this early repayment to Taurus.

Meanwhile, the stock settled at $1.065, up by 4.411% with a market capitalisation of $894.13 million on 06 November 2020.

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