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Lihir rattles tin for $1.2b

AUSTRALIAN producer Lihir Gold plans to close out its hedge book, neutralise debt and provide capital for the expansion and development of its existing projects through a massive $A1.2 billion capital raising announced today.

Chris Cann
Lihir rattles tin for $1.2b

The Papua New Guinea-focused gold miner plans to raise up to $1.07 billion through the issue of shares at $2.30 each (5.40 kina for PNG resident shareholders), a 32% discount on yesterday’s closing price,...

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