FINWIRES · TerminalLIVE
FINWIRES

Greatland Gold Grows Group Ore Reserve by 62%, Achieves Financial Close on AU$225 Million Debt Facility

By

Greatland Gold (ASX:GGP) said its group ore reserve estimate grew 62% to 5 million ounces, according to a Monday Australia and New Zealand bourse filing.

The group ore reserve estimate comprises 157 million tonnes at about 1 gram per tonne gold and 0.1% copper for 5 million ounces of gold and 196,000 tonnes of copper.

The company also said it has achieved financial close on the AU$225 million Facility B of its AU$500 million corporate debt facility. Facility B is a seven-year revolving credit facility earmarked for working capital and general corporate purposes.

Related Articles

Asia

Media Reports: Small Aircraft Hits Citic Tower, Beijing's Tallest Skyscraper

Shanghai Composite^SZSE
Asia

China's Central Bank Plans Overnight Reverse Repo in End-June

The People's Bank of China will increase the overnight reverse repurchase operation in its open market operations on June 29 and June 30.The operation will adopt a fixed interest rate and quantity bidding, according to a Thursday statement.The new rate will be an addition to the PBOC's regular seven-day reverse repo rate, currently at 1.4%, which has served as the main policy benchmark since 2024, Bloomberg reported.Standard Chartered's Becky Liu said the move is a major step toward aligning with U.S. policy rate structures, according to the report. She added that the overnight reverse repo rate is the figure to watch and anything at 1.25% or below would amount to a de facto PBOC rate cut.

Shanghai Composite^SZSE
Asia

Hong Leong Bank Sells 640 Million Ringgit Bonds

Hong Leong Bank (KLSE:HLBANK) issued 640 million ringgit of bonds divided into two tranches, according to a Friday Malaysian bourse filing.The issue comprised 350 million ringgit of 10-year bonds carrying an interest rate of 3.9% per annum, and 290 million ringgit of 12-year bonds carrying a 4% interest rate.The call dates for the two tranches will be June 26, 2031, and June 27, 2033, respectively.The bonds were issued under the lender's multi-currency tier 2 subordinated bond program.

KLSE:HLBANK