PERTH (miningweekly.com) – Gold miner Newcrest Mining has started the mandatory redemption of its outstanding $380-million in 4.2% senior guaranteed notes, which mature in October next year.
The company said on Wednesday that the notes would be cancelled upon redemption.
The ASX-, TSX-, and PNGX-listed gold miner currently has some $1.74-billion of cash at hand as of the end of December, and has access to a further $2-billion in undrawn committed bilateral bank debt facilities.