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Dalgaranga has an initial mine life of six years.

Gascoyne locks in $60m debt facility

West Perth-based Gascoyne Resources has secured a $60 million debt facility with two major Australian banks as it aims for its Dalgaranga gold project to be in production in mid-2018.

Commonwealth Bank of Australia and National Australia Bank have agreed to a 50-50 loan with a four-and-a-half-year term that included a hedging facility.

The hedging facility included 164,000 ounces of mandatory hedging already completed to take advantage of the favourable gold price.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
173rdApollo Minerals72%-27%
464thVictory Mines0%-81%
595thGascoyne Resources-21%7%
782ndVolt Resources-66%-2%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

30/11/17
$40k Bought
22/03/17
$15k Bought
22/03/17
$5k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

312th↓Apollo Minerals$17k
313th↓Gascoyne Resources$17k
315th-Volt Resources$15k
316th↑Victory Mines$15k
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Gascoyne Resources

339thMichael Dunbar$396k
1210thEva O'Malley$69k
1242ndMike Joyce$25k
Ranked by total remuneration from all listed WA companies

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