Newmont to sell Musselwhite for $1.3b
Newmont to sell Musselwhite for $1.3b CANADA — Newmont (ASX: NEM) has agreed to sell its Musselwhite operation in Ontario, Canada, to Orla Mining for up to $1.3b (US$850m) as part of its push to divest from non-core assets. Under the terms of the agreement, Newmont will receive cash consideration of about $1.2b (US$810m) upon closing and up to about $61m (US$40m) in contingent payments. The transaction is expected to close in Q1 CY25, subject to certain conditions being satisfied. Upon closing the announced transactions, Newmont will have surpassed its...
