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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Nihontochicken who wrote (26893)8/2/2005 1:26:00 PM
From: AltLar  Read Replies (1) | Respond to of 108784
 
GG not buying? Might be about to change...

Goldcorp gets $500 mln credit line for purchases

VANCOUVER, British Columbia, Aug 2 (Reuters) - Goldcorp Inc. (G.TO: Quote, Profile, Research) said on Tuesday it has set up a $500 million credit facility with a lending syndicate to finance acquisitions and for general corporate purposes.

"This $500 million facility, combined with a present cash balance of over $400 million, will allow Goldcorp to acquire additional gold assets for cash and continue its growth path," the mid-sized Canadian gold miner said.

yahoo.reuters.com