Newmont Announces Underwritten Sale of Common Stock

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Newmont Mining (NEM) Sells 29M Common Shares for Gross Proceeds of $602M

June 10, 2015 7:03 AM EDT

Newmont Mining (NYSE: NEM) announced that it has agreed to sell 29,000,000 shares of its common stock to Citigroup and J.P. Morgan, each of which will act as underwriters for the offering, for total gross proceeds of approximately $682 million. The Company intends to use the... More