Strong earnings from the Faro mine in the Yukon have enabled new owner Anvil Range (ARO-T) to prepay a US$15-million bridge loan to its major shareholder, Hyundai Canada.
Financing for the early repayment came from cash flow and available credit lines.
Faro is one of the world’s largest zinc and lead mines and one of Canada’s largest silver mines. Anvil Range currently produces about 500,000 tonnes of zinc and lead concentrates annually.
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