Republic Gold Seeks Financing for Bolivia Project

Australian miner Republic Gold is working with Bolivian securitization specialist BDP Sociedad de Titularizacion to raise up to $180m equivalent in a BOB-denominated structured note. The securitization will be used to finance the development of the Amayapampa gold project in Bolivia, BDP general manager Jaime Dunn tells LatinFinance. Republic had previously announced it would need $136m to bring the project to production. The structured note, Dunn says, will have a tenor of 10.4 years and will have a partial capital guarantee. The parties are still seeking the necessary authorizations from Bolivian regulators to finalize terms of the arrangement. Dunn says Republic expects to complete funding in 6 months.