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The latest update is out from Mineros SA ( (TSE:MSA) ).
Mineros S.A. has initiated investor meetings for a $400 million offering of senior notes through its subsidiary, Mineros Netherlands B.V. The notes, which are senior unsecured obligations, will be used to finance capital expenditures and general corporate purposes. Additionally, Mineros has entered into a commitment letter with Citigroup Global Markets Inc., Banco Santander, S.A., and Royal Bank of Canada for a senior revolving credit facility of up to $100 million. This facility, expected to accrue interest at SOFR + 4.00% per annum, will support the company’s financial flexibility and operational expansion.
The most recent analyst rating on (TSE:MSA) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Mineros SA stock, see the TSE:MSA Stock Forecast page.
More about Mineros SA
Mineros S.A. is a Latin American gold mining company based in Medellin, Colombia, with operations in Colombia and Nicaragua. The company has a diversified asset base and a pipeline of development and exploration projects throughout the region. Mineros is known for its focus on safety and sustainability, and has a long history of maximizing shareholder value and delivering solid annual dividends. Its shares are listed on the Toronto Stock Exchange and the Colombia Stock Exchange.
Average Trading Volume: 343,442
Technical Sentiment Signal: Hold
Current Market Cap: C$1.6B
See more insights into MSA stock on TipRanks’ Stock Analysis page.