High-yield debt markets got a lot tighter for mining companies last week, forcing them to accept...

|By:, SA News Editor

High-yield debt markets got a lot tighter for mining companies last week, forcing them to accept more expensive terms on their offerings or walk away. Eldorado Gold (EGO) chose the latter option Friday, pulling a proposed $500M offering of senior notes; Thompson Creek Metals (TC), needing the money, went ahead with a $350M offering of five-year notes carrying a 9.75% coupon.