Peru's Buenaventura says shareholders approve $500 mln debt plan
LIMA, March 30 (Reuters) - Shareholders of Peruvian precious metals miner Buenaventura on Monday approved the issuance of $500 million in bonds or to seek a loan for the same amount, company's Chief Financial Officer Carlos Galvez told Reuters.
Buenaventura, which produced 845,515 ounces of gold and 19.7 million ounces of silver last year, has not decided what form the indebtedness will take or whether the company will go ahead with the plan.
"We do not know whether it would be best to seek a syndicated loan or to offer bonds," Galvez said in a telephone interview.
(Reporting by Teresa Cespedes; Editing by Diane Craft)
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