Newmont Walks Away From Orla With $900 Million Cash Boost - Newmont (NYSE:NEM), Orla Mining (AMEX:ORLA)

Newmont sells its 13.3% stake in Orla Mining for $605 million

Newmont Corp. says it has sold its 13.3 per cent stake in Orla Mining Ltd. for about $605 million as it works to streamline its equity portfolio.

Newmont Walks Away From Orla With $900 Million Cash Boost - Newmont (NYSE:NEM), Orla Mining (AMEX:ORLA)

Newmont raised nearly $900 million in after-tax proceeds as part of a plan to redirect cash toward capital allocation priorities.

Newmont sells its 13.3 per cent stake in Orla Mining for $605 million

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Newmont sells entire Orla stake for $439M - The Northern Miner

Newmont (NYSE: NEM; TSX: NGT) has sold its 13% stake in Orla Mining (TSX: OLA) for $439 million (C$605 million), marking another step in its broader divestiture program aimed at...

Newmont?s Strategic Shift as It Sells Stake in Orla Mining for $439 Million

In a move that underscores its strategic realignment, Newmont Corporation has announced the completion of the sale of its common shares in Orla Mining Ltd. This transaction, executed through the Toronto Stock Exchange, involved the disposal of 43 million common shares at a price of US$10.14 (C$14.00) per share, yielding aggregate gross proceeds of US$439 million (C$605 million). This decisive action aligns with Newmont's ongoing commitment to op…

Newmont sells 13.3% Orla Mining stake for $605 million – Resource World Magazine

Newmont Corp. [NGT-TSX, NEM-NYSE, ASX, PNGX] said it has sold its entire stake in Orla Mining Ltd. [OLA-TSX] for $605 million. The U.S. gold mining giant said it sold 43.2 million Orla common shares for $14 per share. Prior to the sale, Newmont held a 13.3% interest in Orla on a non diluted basis. But as a result of the deposition, it no longer holds any shares in the company. Orla shares were active on the news, easing 7.14% or $1.09 to $14.17.