American gold mining company, Newmont Corporation (NEM) has agreed to sell its Akyem Gold Mine project in Ghana to China-based Zijin Mining Group (HK:2899) (ZIJMF) for $1 billion cash. Akyem is ...
Global gold major Newmont Corp is selling the Telfer-Havieron, Akyem, Cripple Creek & Victor, Porcupine, Eleonore and Musselwhite operations. Telfer in Australia is forecast to produce 230,000 ounces...
Newmont Corp., the world's top gold producer, will seek to sell six mines and two projects in a set of divestitures aimed at generating $2 billion in cash. The Denver-based …
Transaction part of effort to divest non-core assets and optimize portfolio Newmont Mining Corporation (NYSE: NEM) ("Newmont" or "the Company") announced it successfully completed the sale of its Midas operation in Nevada to Klondex Mines Ltd. (TSX: KDX) ("Klondex") for total consideration in excess of $83 million. "This transaction demonstrates our …
The world's largest gold-mining company, Denver-area Newmont Corp., has sold its Cripple Creek & Victor Gold Mine in Teller County for up to $275 million to another Denver-headquartered company, SSR
Gold mining major Newmont will put up for sale six mines and two projects, optimising its portfolio to focus on ten tier-one assets that will produce 6.7-million gold ounces by 2028.
Newmont Corporation has announced today it will sell its Akyem operation in the Republic of Ghana to Zijin Mining Group Co., Ltd. under a definitive agreement, for cash consideration of up to $1 ...
The company produced a total of 5.5 million ounces of gold in 2023 from its mines in North America, Africa, Australia, Latin America and New Guinea, an almost 7 per cent drop from the 6.96 million ounces generated in 2022. "Newmont's go-forward portfolio is the new standard for gold and copper mining," said Palmer in a news release.
US-based gold miner Newmont has signed an agreement to sell its Éléonore underground gold mine in Quebec, Canada, to UK-based private mining company Dhilmar for $795m (£632.16m) in cash. The ...
Newmont (TSX:NGT,NYSE:NEM), the world's largest gold miner, is continuing its divestiture program through the sale of its Éléonore mine in Québec to Dhilmar, a private UK-based mining firm ...
Newmont Mining Corporation (NYSE: NEM) ("Newmont" or "the Company") today announced it completed the sale of its Jundee underground gold mine in Australia to Northern Star Resources Limited ("Northern Star"), for total proceeds of approximately US$91 million . "We are pleased to have completed the sale of Jundee as part of our ongoing effort to increase shareholder value …
Despite the sale, Newmont remains committed to its operations in Ghana, with plans to invest between $950-million and $1.0-billion in the development of the Ahafo North gold mining project in the ...
Gold miner Newmont has reached an agreement to sell its Musselwhite mine to TSX-listed Orla Mining for up to $850-million. The transaction, announced on Monday, marks the first sale of several ...
Newmont agreed to sell two Australian assets to Greatland Gold Plc for as much as $475 million earlier this month. It's now pushing to finalize sales of mines and projects in …
Newmont (NYSE: NEM, TSX: NGT) announced on Monday that it would sell its Éléonore mine in Quebec to London-based miner Dhilmar for $795 million cash as part of its ongoing efforts to divest non ...
In summary, the sale of Newmont's Akyem gold mine in Ghana represents a pivotal moment in the gold mining industry. Amid soaring gold prices and intense interest from Chinese producers, the transaction underscores the …
Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, ETR:NMM)'s Musselwhite gold mine sale to Orla Mining is set to open the door for further share buybacks,... USA. UK USA AU CA. MyProactive. Feed Alerts Subscriptions ... Newmont Ontario gold mine sale opens door for further buybacks - analyst. Published: 11:23 19 Nov 2024 EST Newmont ...
Announced Divestitures to Date Expected to Generate up to $3.6 Billion in Gross Proceeds Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont" or the "Company") announced today that it has agreed to sell its Éléonore operation in Northern Quebec, Canada, to Dhilmar Ltd ("Dhilmar") for $795 million in cash consideration. The …
Newmont Corporation (NYSE: NEM) to sell Cripple Creek & Victor operation to SSR Mining Inc for up to $275 million. Total proceeds from divestment program expected to reach $3.9 billion by Q1 2025.
Newmont has agreed to sell its Éléonore operation in Northern Quebec, Canada, to UK-based Dhilmar for $795 million in cash consideration as part of the miner's plan to divest its …
Newmont's For-sale Telfer Gold Mine in the Pilbara has Halted Production Since April Over Tailings 'Seepage' Production at one of Australia's largest gold mines has been put on ice for the second time in less than six months due to a crippled tailings dam. Vale, BHP Offer $25 billion Settlement for Mariana disaster; Authorities Seek More
(Reuters) -Newmont Corp intends to divest eight non-core assets and trim its workforce to cut debt following its $17.14 billion purchase of Newcrest, the world's largest gold …
Newmont Corp., the world's top gold producer, will seek to sell six mines and two projects in a set of divestitures aimed at generating $2 billion in cash.
"Today's announcement is another step forward in Newmont's journey to create a go-forward portfolio of Tier 1 gold and copper assets, each with the scale and mine life to generate strong ...
In 2015, Newmont purchased the CC&V gold mine from AngloGold Ashanti Ltd. for $820 million in cash, plus a 2.5 percent net smelter return royalty for gold production from potential future ...
Newmont's Akyem Gold Mine Sale The IEA has learned with dismay the reported planned sale by US-based Newmont Company of its Akyem Gold Mine Project in Ghana to China's Zijin Mining Group for US$1.0 billion (The Business Times, Wednesday, October 9, 2024). The IEA sees the deal to be flawed in several respects, inimical to Ghana's interest ...
Newmont (NYSE: NEM, TSX: NGT) announced on Monday that it would sell its Éléonore mine in Quebec to UK-based miner Dhilmar Ltd for $795 million in cash, as part of its ongoing efforts to divest non-core assets.. Éléonore is one of the largest gold mines in Quebec. The underground mine is located in Eeyou Istchee/James Bay, 800 km north of Montreal.
Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) successfully completed the sale of its ownership stake in PT Newmont Nusa Tenggara (PTNNT), which operates the Batu Hijau copper and gold mine in Indonesia, to PT Amman Mineral Internasional (PTAMI). The asset's name now changes to PT Amman Mineral Nusa Tenggara …
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1 Up to a maximum $40 million in contingent consideration may be payable to Newmont in cash in two separate payments of $20 million based on a gold price linked payment structure as follows: a ...
The Institute of Economic Affairs (IEA) has strongly opposed the planned sale of Newmont's Akyem Gold Mine to China's Zijin Mining Group for $1 billion. The IEA argues that the sale undermines Ghana's economic interests …
In a deal that has set tongues waging in the mining community, Newmont Company's decision to sell its Akyem Gold Mine in Ghana to China's Zijin Mining Group for $1.0 billion has sparked waves of concern. As the dust settles on the announcement, indus
2024 Tier 1 Portfolio Guidance Maintained, Non-Core Guidance Updated Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) announces today, as part of its ongoing program to divest non-core assets, it has agreed to sell the Telfer operation, Newmonts 70% interest in the Havieron gold-copper project (Havieron), and other related …
Newmont Mining Corporation (NYSE: NEM) ("Newmont" or "the Company") today announced it completed the sale of its Jundee underground gold mine in Australia to Northern Star Resources Limited ("Northern Star"), for total proceeds of approximately US$91 million . "We are pleased to have completed the sale of Jundee as part of our ongoing effort to increase …
Newmont expects fourth-quarter 2024 attributable production of 1.8 million gold ounces. The company anticipates that the fourth-quarter costs applicable to sales will be $1,050 per ounce, with all ...