Agnico-Eagle Mines

On June 15, EDC joined a syndicate of International banks for non-amortizing US$600 million revolving credit facility for Canadian gold producer Agnico-Eagle Mines. "The new facility provides Agnico-Eagle Mines with additional liquidity for internal expansion opportunities, as well as financial flexibility to deal with potential investment opportunities and other corporate priorities" said Sean Boyd, Vice Chairman and Chief Executive Officer.

EDC also signed an unsecured C$95 bonding facility with Agnico-Eagle Mines. This facility matures June 2014 and will be used to provide letters of credit for environmental obligations or in relation to license or permit bonds relating to the Meadowbank project.

Agnico-Eagle Mines is a long established Canadian gold producer with operations located in Quebec and Finland and exploration and development activities in Canada, Finland, Mexico and the United States.