Newmont Announces Monetization of Equity Received Through Successful Divestiture Program

Newmont Announces Monetization of Equity Received Through Successful Divestiture Program

DENVER -- Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont” or the “Company”) is pleased to announce that it has executed agreements for the sale of shares in Greatland Resources Limited (“Greatland”) and Discovery Silver Corp (“Discovery”) for aggregate cash consideration of approximately $470 million, net of taxes and commissions.

Newmont nets $470M from Greatland, Discovery Silver – The Northern Miner

Newmont (NYSE, ASX: NEM; TSX: NGT) says it has netted around $470 million from selling equity stakes in Greatland Resources (ASX: GGP) and Discovery Silver (TSX: DSV) as part of...

Greatland’s rise a boon for Newmont

The world’s largest goldminer has boosted the proceeds from its sale of the Telfer asset to ASX-listed Greatland Resources, reporting a 230 per cent relative return on recently sold shares.

Newmont brings divestiture proceeds to $4.6bn - Australian Mining

Image: Timon/stock.adobe.comNewmont Corporation has cashed in more than $700 million through the sale of shares. The company said it had executed agreements to offload shares in Greatland Resources and Discovery Silver Corp for $US470 million ($719.8 million), net of taxes and commissions. This brings Newmont’s total after-tax proceeds from its divestiture program to $US3 billion ($4.6 billion). Newmont received Greatland shares after divesting …

Newmont's Asset Sales Soar: $470M Windfall as Share Values Triple in Strategic Divestiture

Newmont monetizes Greatland and Discovery shares, achieving up to 230% returns. Part of $3B divestiture program reshaping portfolio. See full financial details.