Newmont Corporation Announces Sale of Holdings of Orosur Mining Inc.

Newmont Corporation Announces Sale of Holdings of Orosur Mining Inc.

DENVER -- Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont”) announced today the sale of common shares (“Common Shares”) of Orosur Mining Inc. (the “Issuer”).

Newmont unveils sale of 9.4% stake in Orosur Mining – Resource World Magazine

Newmont Corp. [NGT-TSX, NEM-NYSE, ASX, PNGX] has announced the sale of its Orosur Mining Inc. [OMI-TSX, AIM] common shares. The U.S. gold mining giant said it has disposed of 29.1 million common shares in a private transaction for 19 cents per share, generating gross proceeds of $5.5 million. That amount represented Newmont’s entire holding in Orosur, amounting to a 9.4% interest. As a result of this disposition, Newmont no longer holds any share

Mining Giant Newmont Exits Orosur Mining Completely, Sells 29M Shares in C$5.5M Strategic Move

Newmont Corporation completes full divestment of Orosur Mining holdings, selling 29.2M shares. Learn why this strategic exit matters for mining sector dynamics.