Newmont Announces Agreement to Divest CC&V for up to $275 Million [Yahoo! Finance]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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US:NYSE Investor Relations:
newmont.com/investor-relations/default.aspx
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Source: Yahoo! Finance
DENVER, December 06, 2024 BUSINESS WIRE Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont" or the "Company") announced today that it has agreed to sell its Cripple Creek & Victor ("CC&V") operation in Colorado, USA, to SSR Mining Inc. ("SSR") for up to $275 million in cash consideration. Upon closing the announced transactions, Newmont will have delivered up to $3.9 billion in gross proceeds from non-core asset divestitures and investment sales. The transaction is expected to close in the first quarter of 2025, subject to certain conditions being satisfied. Under the terms of the agreement, Newmont expects to receive gross proceeds of up to $275 million, which includes: Cash consideration of $100 million, due upon closing Deferred contingent cash consideration of $87.5 million upon receipt of pending regulatory approvals Deferred contingent cash consideration of $87.5 million upon resolution of regulatory applications relating to the Carlton Tunnel Up
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NEM
Earnings
- 10/23/24 - Beat
NEM
Sec Filings
- 12/6/24 - Form 3
- 12/4/24 - Form 4
- 12/4/24 - Form 4
- NEM's page on the SEC website