Market Chatter: McEwen Copper Signs Deal With Financial Firm to Manage $2.4 Billion Loan for Argentina Project
McEwen's (MUX) McEwen Copper has signed a deal with a financial firm to manage a $2.4 billion loan package that is funding part of the Los Azules copper project in Argentina, Reuters reported Monday, citing Michael Meding, McEwen Copper's vice president and general manager.Meding said the loan is part of a $4 billion financing package for the project and that McEwen Copper is targeting a 40-60 split between equity and debt for the package, according to the news outlet.McEwen did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $25.30, Change: $+1.07, Percent Change: +4.41%
