Newmont prepays $100 million

Newmont Mining Corporation recently  announced it made a $100 million prepayment toward a five-year, $575 million unsecured amortizing term loan received in March 2014. The term loan was used to repay $575 million of convertible debt that matured in July of 2014. Proceeds recently received as a result of the government of Suriname exercising its option to participate in a fully-funded, 25 percent equity ownership stake in the Merian Gold Project were included in the $100 million prepayment.(foto:wideworldofstocks.com)…[+]