8th Nov 2013 08:18
LONDON (Alliance News) - Fresnillo PLC Friday said it has agreed on pricing of an issuance of USD800 million of 5.5% senior notes due in 2023.
The precious metals miner, operating in Mexico, said it would use the net proceeds from the issuance to fund its current investment and development plans, for future growth and for general corporate purposes.
The news comes after the company confirmed Thursday that the stay of order requested by the Ejido agrarian community over the lifting of suspended explosives permits will not apply to its Herradura and Soledad mines.
Explosives permits at the sites were suspended by the local magistrate after concerns regarding the effect of blasting on the nearby community.
In early trading Friday, Fresnillo shares are down 1.2% at 958.00 pence per share.
By Tom McIvor; [email protected]; @TomMcIvor1
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