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Newmont Announces Sale of Porcupine Operation For Up To $425 Million

Summary by Citybiz
DENVER–(BUSINESS WIRE)–Newmont Corporation announced today that it has agreed to sell its Porcupine operation in Ontario, Canada to Discovery Silver for up to $425 million in total consideration. Upon closing the sale of the Porcupine operation and the previously announced transactions, Newmont will deliver up to $4.3 billion in total proceeds from non-core asset divestitures and investments. The transaction is expected to close in the first hal…
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