Gold steadies as traders weigh outlook for Fed rate cuts
Bullion traded near $2,626 an ounce in thin trading after closing 1.1% higher on Friday.
Thompson Creek Metals Company Inc. (NYSE: TC, TSX: TCM, TCM.WT, TSX-V:TRX.WT, TRX.WT.A) (“Company” or “Thompson Creek”), a growing, diversified North American mining company, today announced that it has completed a $132 million equipment financing facility with Cat Financial Services Limited (“Cat Financial”), pursuant to which Cat Financial has agreed to underwrite up to $132 million in mobile fleet equipment financing for Thompson Creek’s Mt. Milligan copper-gold mine located in British Columbia (the “Equipment Finance Facility”).
The equipment fleet is expected to include haul trucks, shovels, drills, loaders, dozers and other units of mining support equipment and is expected to be delivered to the Mt. Milligan copper-gold mine throughout 2012.
