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Newmont to buy back debt

Following recent strong performance, US-based Newmont Mining has looked to buy back some of its debt to deleverage its balance sheet further.

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Newmont’s good financial performance has led the company to buying back debt

The company has launched a tender offer to purchase up to US$500 million of its senior notes, which come with yields ranging from 5.125%-6.25% with the earliest debt due in 2019.