[miningmx.com] – AQUARIUS Platinum, the R3.7bn platinum producer, said today it had bought back $125.4m in convertible bonds.
The repurchase brings to a close the $300m convertible bond structure arranged in December 2009 and which were due this month. It had repurchased some $172.6m in convertible bonds in May 2014.
In October, Sibanye Gold bid R4.5bn for Aquarius equal to R2,66 per share and representing a 56% premium to Aquarius’ closing share price of R1.70 on October 5.
Aquarius posted attributable production of 349,426 oz of 4E PGMs (including 193,422 oz of platinum) for its financial year ending 30 June 2015, produced from the Kroondal and Mimosa mines and a retreatment facility, Platinum Mile.
