Project & development financeConstruction-period senior debt, sized to the mine plan, the reserve tail and a downside case a credit committee will accept.
Corporate & acquisition facilitiesRevolvers, term loans and acquisition debt at the corporate level, secured against a producing asset base.
Bridge & pre-financing capitalShort-dated capital to carry a company through feasibility, permitting and long-lead procurement to the main financing.
Mezzanine & subordinated debtJunior capital that closes the gap between what senior lenders will advance and what the sponsor can fund.
Metal loans & prepayGold and silver loans and prepaid forward structures, priced against the implied cost of the metal delivered.
Offtake-linked financeFacilities supported by concentrate or doré offtake, with pricing, volume and term parameters negotiated as one package.
Streams & royaltiesProduction-linked capital priced against its true cost over life of mine rather than its headline cost at signing.
Export credit & agency fundingECA-supported, development bank and multilateral facilities, which lenders consistently treat as credit enhancement.
Equipment & vendor financeAsset-backed funding for mobile fleet and processing equipment, released from the senior security package where possible.
Leveraged recapitalisationRefinancings, amend-and-extend, covenant resets and balance sheet repair where a facility no longer fits the plan.
Working capital & cost overrunLiquidity for commissioning, ramp-up and contingency, sized so the senior facility is not the first line of defence.
Hedging & commodity riskMandatory hedge programmes, policy design and counterparty selection — including negotiating a hedge requirement out of a facility where it does not belong.
