Newmont Mining gets nearly $1.97B in net proceeds

Posted In: Materials

By The Associated Press

Friday, September 18, 2009

Loading...

Newmont Mining Corp., one of the world's biggest gold producers, said Friday it received nearly $1.97 billion in net proceeds from its recent public offering of senior notes.

The company plans to use proceeds for working capital and for other general corporate purposes. That could include the cost of developing the company's project pipeline and potential acquisitions that may become available.

The offering consisted of a 5.125 percent senior notes due 2019 in the principal amount of $900 million and 6.25 percent senior notes due 2039 in the principal amount of $1.1 billion. Newmont received net proceeds of about $1.97 billion after deducting estimated discounts and expenses.

Deutsche Bank Securities and UBS Investment Bank are the joint book-runners for the offering.

Shares of Newmont Mining fell 74 cents to $45.09 in afternoon trading.

JOIN THE DISCUSSION
Rate Article:  Average 0 out of 5
Register or log in to comment on this article!

0 Comments

Add Comment

Text Only 2000 character limit

Page 1 of 1

New To Market

more

Submersible FlowCAM catches particle images and data in-situ and real-time
Submersible FlowCAM catches particle images and data in-situ and real-time

Fluid Imaging Technologies recently introduced its Submersible FlowCAM particle and cell imaging and analysis system at Ocean Sciences 2010 in Portland, Ore. The remote sensing platform can be used for continuous, unattended monitoring tethered to research vessels or autonomous submersibles.

Daytime running light has just two LEDs

The new OSTAR Compact LED from OSRAM has been developed specifically for use in vehicle headlights. Despite drawing just 5 W, the device provides 300 lumens of power and meets ECE/SAE color binning requirements for use on motor vehicles.

Tools & Technology

more

Voltage controlled oscillator ideal for digital radio apps
Voltage controlled oscillator ideal for digital radio apps

Crystek’s CVCO55CC-2580-2650 VCO (voltage controlled oscillator) operates from 2580 MHz to 2650 MHz with a control voltage range of 0.5V~4.5V. This VCO features a typical phase noise of -110 dBc/Hz@10KHz offset and has excellent linearity.

Metcar assemblies designed for fast cartridge replacement

Metallized Carbon Corp. now offers Metcar 100 Series and 300 Series Bearing Assemblies that are designed for use in gypsum board and ceiling tile continuous dryers.

Advertisement

Advertisement