Minera Andes Has Paid Off US$17.5 Million Loan To Macquarie Bank

Minera Andres Inc. has paid in full its US$17.5 million loan from Macquarie Bank, leaving it with no more bank debt. $7.5 million of the loan was due on March 7, and the rest was due in September. As the news release specifies, the company has also met its cash committment under its joint-venture agreement too. Minera has no current outstanding financial committments, including any attached to its 49% ownership of the producing San José gold/silver mine.

This item was released in the early afternoon, ET. At market's close, Minera was up 8 cents to reach 72 cents. Most of the rise came after this item was released. Current bid-ask is 70 -73 cents.

The company's Google Finance web page is here.

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