Almaden Minerals Announces Early Repayment of Gold Loan with Almadex
Reuters
May 22
Almaden Minerals Announces Early Repayment of Gold Loan with Almadex
Almaden Minerals Ltd. has announced the early repayment of its outstanding gold loan with Almadex Minerals Ltd. The loan, secured by a lien on equipment related to Almaden's Rock Creek mill, was valued at USD$5,194,354. Almaden plans to repay this amount through the physical delivery of gold bullion, following the completion of the mill's sale to Metals Exploration PLC. This transaction is expected to be finalized by August 31, 2025. Upon repayment, Almaden anticipates maintaining a cash position of approximately CAD$6.5 million.
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