Catalyst’s Funding Boost Powers Plutonic Gold

Catalyst’s funding boost powers Plutonic gold

Image: SPF/shutterstock.comCatalyst Metals has doubled its revolving credit facility from $100 million to $200 million, lifting its available liquidity to $531 million as the gold producer continues to advance a multi-mine expansion across Western Australia’s Plutonic Gold Belt. The four-year facility remains undrawn, with Catalyst holding $331 million in cash and bullion and no debt as of June 30; behind this, HSBC has joined Westpac, National …

Catalyst builds $531m war chest as gold sector muscles up

The Plutonic Gold Mine is located approximately 195km northeast of Meekatharra in the mid-west region of Western Australia. Image Catalyst MetalsCatalyst Metals has strengthened its financial firepower as it advances the next stage of growth across the Plutonic Gold Belt, doubling its revolving credit facility (RCF) to $200 million and lifting total available liquidity to $531 million. The expanded facility comes as Catalyst transitions from a p…