Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Richnorth who wrote (46252)	12/24/1999 8:58:00 AM
From: lorne	Read Replies (1) \| Respond to of 116795

Cambior restructuring deal restricts company moves Toronto--Dec 23--Canada's Cambior Inc. said on Thursday it must use a substantial portion of any proceeds from asset sales or equity financing to repay obligations to its fin ancial creditors, with whom it has just signed a deal to alleviate its backfired gold hedge program. The agreement also includes restrictions on capital expenditures, hedging activities and additional borrowing from third parties. (Story .18702) UK's Ashanti says margin free arrangements extended to Jan 13 London--Dec 23--UK mining group Ashanti Goldfields said on Thursday its hedge counterparties have agreed to extend margin free arrangements until 1730 GMT on Jan 13. Subject to certain exceptions, Ashanti's lending banks have also agreed to rollover those of Ashanti's facilities, which have expired, until 13 Jan 2000, the company said. (Story .15919) crbindex.com