GREY:ABGFF - Post by User
Comment by
sadoneon Jun 17, 2009 2:04pm
368 Views
Post# 16078257
Speeking of Agnico-Eagle
Speeking of Agnico-EagleCanadian gold producer Agnico-Eagle Mines said it has executed aUS$600m revolving credit facility to provide the company withadditional liquidity for internal expansion.
The credit facility will mature in 2012 and will give Agnico-Eaglefinancial flexibility to deal with potential investment opportunities,the company said.
The facility, provided by a syndicate of international banks,replaces an existing US$300m tranche that would have matured in 2010.
The company has also signed an unsecured C$95m bonding facility withExport Development Canada to provide credit needed for environmentalobligations relating to its Meadowbank project.