Newmont (ASX:NEM) completed the divestment of three non-core operations, including the Musselwhite and Eleonore operations in Canada and the Cripple Creek and Victor operation in the US, according to a Tuesday filing with the Australian bourse.
The disposal generated after-tax cash proceeds of $1.7 billion before closing adjustments, according to Chief Executive Tom Palmer.
The mining company is in the process of completing the remaining two asset sales, which are expected to deliver roughly $800 million in after-tax cash proceeds during the first half of 2025, per the filing.
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