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Newmont to Sell Éléonore Gold Mine in Québec
Newmont signs $795m deal to sell Éléonore gold mine in Canada to Dhilmar
The sale forms part of Newmont's efforts to divest non-core assets, which have now surpassed its initial $2bn target.
Newmont to Sell Éléonore Gold Mine in Québec for US$795 Million
Newmont (TSX:NGT,NYSE:NEM), the world’s largest gold miner, is continuing its divestiture program through the sale of its Éléonore mine in Québec to Dhilmar, a private UK-based mining firm, for US$795 million in cash.
Newmont to sell Canadian mine for $795 million
Newmont has now completed sale agreements on four of the six smaller mines it plans to sell, bringing in a total of $3.6 billion as the company focuses on its
1d
Newmont Corporation: Valuation Is Now More Attractive
Newmont's recent asset divestitures, including the Eleonore mine sale, are part of a strategy to optimize its portfolio. Read ...
3d
Newmont Sells Mine For $795 Million, Barrick Expands Reserves; Top Miners Unfazed By Underperformance
The Éléonore sale follows Newmont's strategy to divest non-core assets following its milestone acquisition of Newcrest Mining in 2023.
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