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Newcrest signs new loan agreement

Newcrest signs new loan agreement

Photo by Bloomberg

14th January 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Gold major Newcrest Mining has signed a new three-year, $200-million bilateral bank loan facility, which the company said was in line with its existing loan facilities.

The new facility would provide the gold miner with additional liquidity and diversity, as well as extend the average debt maturity of its bilateral loan facilities.

Newcrest has maintained its production guidance for 2013, with the miner expecting to report production of between 2-million and 2.3-million ounces of gold and between 75 000 t and 85 000 t of copper for the full year.

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Edited by Creamer Media Reporter

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