Lundin Mining Corp. said Aug. 28 that it executed a third amended and restated agreement with Bank of Nova Scotia and ING Capital LLC to increase the company's secured revolving facility to US$800 million with a US$200 million accordion option, which will reduce the cost of borrowing and extend the term to August 2023 from October 2022.
In October 2018, the company amended the agreement, increasing the facility to US$550 million with a US$50 million accordion option, and extended the term to October 2022 from June 2020.
Lundin Mining reported an attributable net loss of US$7.8 million, or a loss of 1 U.S. cent per share, for the second quarter, from a net profit of US$78.8 million a year ago.
