Australia's Newcrest aims to raise $655m in rights issue to fund gold growth

Australia's Newcrest aims to raise $655m in rights issue to fund gold growth

Photo: Newcrest Mining website

Australia’s Newcrest Mining Ltd said on Thursday it planned to raise A$1 billion ($655 million) in a share issue to fund growth at the Fruta del Norte mine in Ecuador and other projects, increasing its exposure to rising gold prices.