Aureus Mining Announces Another Deferral Of First Debt Repayment

757z468_rsz_aureus_525b97317e2b1Aureus Mining Inc. (TSX, AIM: AUE) reports that it received approval from its lender group to further to further defer its first debt repayment to May 31.

The company and its consultant, SRK Consulting (UK) Ltd., have completed a number of mine-plan scenarios for the New Liberty mine in Liberia at varying gold prices.

These plans have been submitted to lenders as the basis for discussions, in order to reach an agreement on an appropriate debt-repayment schedule, Aureus says.

A further announcement regarding the updated New Liberty life-of-mine plan will be communicated shortly, Aureus adds.

By Allen Sykora of Kitco News; asykora@kitco.com

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About Cholo Brooks 14317 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.