Newmont Mining (NEM) Stock Falls After Pricing Offering

NEW YORK (TheStreet) -- Shares of Newmont Mining were falling 2.6% to $23.78 on heavy trading volume Wednesday after the gold miner priced the 29 million shares of common stock in its underwritten offering. Newmont Mining said it will sell the 29 million shares of common stock in the offering to Citigroup and JPMorgan , which are acting as underwriters for the offering, for gross proceeds of about $682 million. The company expects the offering to close on June 15, 2015. The mining company said i...