Auplata Mining Group – AMG (Euronext Growth – FR0013410370 – ALAMG) (the “Company”)
The Company informs that it has repaid the San Antonio Securities debt (”
SAS
“) within the time allowed, thus retaining its indirect stake in the Compagnie Minière de Touissit (”
CMT
“).
As mentioned in the press releases dated June 7, 2022 (read here) and July 7, 2022 (read here), the Company received on May 30, 2022 a notification from SAS informing it of its request for reimbursement in cash of the current account advance having made it possible to finance the indirect holding by AMG of 37.04% of the CMT.
After research carried out with various investors, the reimbursement of SAS’s current account advance was carried out as part of a refinancing operation via a current account advance of €32.19 million from the shareholder Strategos Ventures Ltd. (”
SVL
A summary of the main terms of the financing by SVL (similar to the terms of the advance granted by SAS) appears in a note which can be consulted on the Company’s website, Investors area, Documents section (read here).
Luc Gerard, President
–
CEO of AMG and CMT says
:
“We are pleased with this refinancing granted by Strategos Ventures Ltd., shareholder of AMG, which demonstrates the confidence it has in the Company. This refinancing allows AMG to maintain its stake in one of the main mining assets of the group, CMT, and to pursue its development strategy. The main axes of this strategy, initiated in 2019 and which aims to develop an international polymetallic group, are:
-
improving gold processing and recovery capacity in French Guiana;
-
increasing the processing capacity of the “El Santo” plant in Peru with the aim of increasing production to 750 tonnes per day in 2023;
-
the development of CMT, through the increase in production by commissioning the new well, the development of the new copper site and the performance of external growth operations;
-
the creation of synergies within the Group;
-
the identification and acquisition of mining assets or mining operations;
-
investments in exploration in order to enable sustained organic growth in the medium term.”
AMG in brief
Auplata Mining Group – AMG, incorporated in July 2004 and listed on the Paris Stock Exchange (Euronext Growth) since December 2006, is a polymetallic mining exploration and mining group. AMG is present in French Guyana and, through its subsidiaries, in Peru, Morocco (listed on the Casablanca Stock Exchange) and Côte d’Ivoire. AMG is pursuing a dynamic, sustainable and innovative industrial and financial strategy for the development of high-potential precious and base metal deposits with the involvement of local players. The company’s objective is to produce the metals of tomorrow needed for the energy transition in a clean and responsible way, while trying to provide France with a national source of strategic metals.
ISIN: FR0013410370 – Mnemonic: ALAMG – ICB: 1777 – Gold Mining.
For more information on Auplata Mining Group: www.auplatamininggroup.com
contacts
FINANCE NEWS
Mathieu Omnes Investor Relations [email protected] 01 53 67 36 92
Amaury Dugast Press relations [email protected] 01 53 67 36 74
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Full and original press release in PDF format:
https://www.actusnews.com/news/75936-amg-cp-08.08.2022-vf-vdef.pdf
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