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Last $0.38 USD
Change Today +0.0024 / 0.63%
Volume 313.6K
As of 8:10 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

romarco minerals inc (RTRAF) Snapshot

Open
$0.39
Previous Close
$0.38
Day High
$0.39
Day Low
$0.38
52 Week High
06/17/14 - $0.92
52 Week Low
03/10/15 - $0.34
Market Cap
477.7M
Average Volume 10 Days
236.0K
EPS TTM
--
Shares Outstanding
1.2B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ROMARCO MINERALS INC (RTRAF)

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romarco minerals inc (RTRAF) Details

Romarco Minerals Inc., an exploration and development stage mining company, acquires, explores, and develops precious metals mineral properties in the United States. The company’s flagship development project is the Haile Gold Mine located northeast of the town of Kershaw in southern Lancaster County, South Carolina. Romarco Minerals Inc. is headquartered in Toronto, Canada.

91 Employees
Last Reported Date: 02/19/15

romarco minerals inc (RTRAF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $465.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $300.0K
Chief Operating Officer, Senior Vice Presiden...
Total Annual Compensation: $335.0K
Vice President and Controller
Total Annual Compensation: $198.6K
Vice-President and General Manager
Total Annual Compensation: $240.0K
Compensation as of Fiscal Year 2014.

romarco minerals inc (RTRAF) Key Developments

Romarco Minerals Inc. Executes USD 200 Million Project Finance Credit Agreement with Four Lenders

Romarco Minerals Inc. announced that the company, through its subsidiary Haile Gold Mine Inc., has signed a credit agreement with Caterpillar Financial Services Corporation, ING Capital LLC, Macquarie Bank Limited, and Société Générale Corporate & Investment Banking with respect to its previously announced USD 200 million senior secured project finance facility with no mandatory gold hedging. The Debt Facility will be used for the development of the Haile Gold Mine project in South Carolina. With the execution of the Credit Agreement, the Haile Gold Mine project as currently proposed is fully financed. The debt facility is comprised of two Tranches: a USD 180 million project facility maturing June 30, 2022, and a USD 20 million cost overrun facility maturing September 30, 2023, if drawn. Advances under the PF will bear interest at LIBOR plus 3.75% to 4.25% and advances under the COF, if any, will bear interest at LIBOR plus 6.25%.

Romarco Minerals Progresses $200 Million Debt Facility with No Mandatory Gold Hedging

Romarco Minerals Inc. announced that since its announcement on February 19, 2015 extending the date for completion of the $200 million Debt Facility, the Company has been working with Caterpillar Financial Services Corporation, Macquarie Bank Limited and Societe Generale Corporate & Investment Banking to confirm the terms of the Debt Facility and complete the credit agreement and documentation. After reviewing the updated model, which includes surety bonding and diesel hedging, the Company and the Lenders have agreed to structure the Debt Facility in two Tranches: a $180 million project facility and a $20 million cost overrun facility. All parties have agreed to extend the binding commitment and signing of the credit agreement is targeted to occur on or before April 10, 2015 and to complete documentation promptly in April. At this time, two of the three Lenders have received credit committee approval and the third is working to secure approval in time to accommodate the new deadline. The terms of the $200 million debt facility are substantially the same as previously disclosed, although in view of low oil prices a diesel hedging program has been agreed by both sides.

Romarco Minerals Inc.(TSX:R) added to S&P/TSX Global Mining Index

Romarco Minerals Inc.(TSX:R) added to S&P/TSX Global Mining Index

 

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