Adjusting for the faster production ramp up and additional capex associated with an updated operating rate, we estimate the Company should generate ~$88mpa in EBITDA and ~$56mpa in FCF once full capacity is reached at the initial Homase South operation.
GoldStone Resources Limited (AIM: GRL) is pleased to announce that Asia Investments Management Services Limited ("AIMS") has agreed to extend the maturity date on the US$3 million secured gold loan announced on 22 June 2020 (the "Gold Loan") to 31 August 2022 (the "Extension"). The Extension restructures the repayment obligations to enable the Company to ramp up production. The Company retains the right to repay the Gold Loan early without penalty.