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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.