BUZZ-Australia's Kingsgate Consolidated hits 13-1/2-year high on meeting loan conditions
Reuters
Jan 07
BUZZ-Australia's <a href="https://laohu8.com/S/KSKGF">Kingsgate Consolidated</a> hits 13-1/2-year high on meeting loan conditions
** Shares of Australia's Kingsgate ConsolidatedKCN.AX rise as much as 2.3% to A$5.94, their highest level since May 2, 2012
** The gold and silver producer says it has satisfied conditions for new $25 million standby loan facility withNebari Natural Resources Credit Fund and other Nebari-affiliated entities
** Co says it repaid existing loan and borrowed $10 million under new facility
** Adds that total borrowings have reduced 68% from A$47 million ($31.65 million) to A$15 million
** Stock up more than 300% in 2025
($1 = 1.4848 Australian dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))
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