The Canadian Press

Kinross Gold Corp. signs deal for US$450-million unsecured credit facility

Thu Nov 5, 6:33 PM

By The Canadian Press

TORONTO - Kinross Gold Corp. (TSX:K) said Thursday it has signed a deal to increase the size of its unsecured revolving credit facility to US$450 million, up from $404 million.

The gold miner said the new facility will expire in November 2012 and include a term loan for its Paracatu property. As the loan is repaid, the company said, that credit will become available.

Kinross has mines and projects in the United States, Brazil, Chile, Ecuador and Russia.