Log in to your IBTimes Account

close
ID
Password

Canadian gold miner Iamgold gets $140 million line of credit



By AP
28 April 2008 @ 05:47 pm EST

NEW YORK - Iamgold Corp., a Canadian gold-mining company, said Monday it obtained a $140 million, five-year revolving credit facility with a bank syndicate.

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
TD 62.49 1.65
IAG 5.99 -0.08

SYMBOL LOOKUP

The company said the senior secured line of credit would help it double its gold production and cut cash costs in the next five years.

The credit facility is being provided by lenders arranged and led by Scotia Capital and Societe Generale, and including National Bank of Canada, N.M. Rothschild & Sons Ltd. and The Toronto Dominion Bank.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
Racetrack and casino operator Penn National Gaming says its second-quarter earnings fell 3.4 percent on weak economic conditions, narrowly missing Wall S...
McClatchy Co. says second-quarter earnings fell 44 percent as ad revenue continued to shrink. The Dallas-based publisher said Thursday net income slid to...
Clear Channel Communications Inc. withdrew a lawsuit that accused publisher Tribune Co. of stealing trade secrets, the radio broadcaster confirmed late W...

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

Latest Investing Research Reports

Find the most up to date research from leading investment firms to make the most informed investing decisions

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives