Gold miner Newcrest Mining has successfully completed a A$1-billion fully underwritten institutional placement, with some 39.1-million shares placed at a price of A$25.6 a share.
Newcrest earlier this week announced plans for the raising, along with a A$100-million share purchase plan (SPP), to fund the purchase the Fruta del Norte financing facilities, for $450-milion and to fund future growth options such as the construction of declines at Havieron and Red Chris.