GOLD
Gold and silver miner Polymetal has extended its existing $400-million credit facility with Sberbank for another seven years in a move which CEO Vitaly Nesis say is an “excellent deal” for the company.
The original loan facility dates back to November 2013 and provided for the bullet repayment in November 2018. This has now been extended to June 2024 on the same key terms with an adjustment of the interest rate in line with current market rates.
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