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Newcrest launches $1.1B raising for deal

Newcrest Mining is raising up to A$1.1 billion (US$720 million) to increase its exposure to Lundin Gold’s Fruta del Norte mine in Ecuador.

Newcrest launches $1.1B raising for deal Newcrest launches $1.1B raising for deal Newcrest launches $1.1B raising for deal Newcrest launches $1.1B raising for deal Newcrest launches $1.1B raising for deal

Lundin Gold's Fruta del Norte mine in Ecuador

The raising, Newcrest's first since 2009, comprises a $1 billion institutional placement, underwritten by RBC Capital Markets and Macquarie, and a $100 million share purchase plan.