Barclays, Credit Suisse Lend $125M To Peru Gold-Silver Mine

Law360, New York (November 9, 2012, 6:28 PM EST) -- Canadian precious metals firm Sulliden Gold Corp. Ltd. has obtained up to $125 million in financing from Credit Suisse AG and Barclays Bank PLC to develop its gold and silver Shahuindo mine in Peru, the company said late Thursday.

The limited recourse project finance facility would help with construction and development at the mine, which is expected to produce about 3.65 million metric tons of gold and silver per year, producing about 90,000 gold equivalent ounces annually at an operating cost of $552 per ounce on...
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