Newmont Mining Corporation (NEM.US) has agreed to sell 70% of its Telfer Mine and Havieron Gold-Copper Project in Western Australia to Greatland Gold for $475 million in cash and stock. This transaction is part of Newmont’s strategy to divest non-core assets and is expected to be completed in Q4 2024, pending certain conditions.
According to the agreement, Newmont will receive $2.075 billion in cash, $1.675 billion in Greatland Gold stock, and up to $1 billion in deferred payments. The sale aligns with Newmont’s goal to raise $2 billion from non-core asset sales, focusing on its tier-one assets.
The divested assets were acquired as part of Newmont’s acquisition of Newcrest, marking the first asset sale under its divestment plan. Newmont remains focused on its six tier-one assets, including mines in Australia, Mexico, and Ghana.
For 2024, Newmont’s gold production is expected to remain steady at 5.63 million ounces, with an additional 1.12 million ounces from non-core assets, and copper production is estimated at 145,000 tonnes.
[Source – 上海有色网] 纽蒙特矿业4.75亿美元出售澳洲金铜项目 加速资产瘦身聚焦一级资产战略 https://news.smm.cn/news/102955093
