Newmont to Divest Musselwhite Operation for Up to $850 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
According to the terms of the agreement, Newmont would get $810 million in cash at closing, plus up to $40 million in contingent payments. The acquisition is expected to be completed in the first quarter of 2025, pending certain conditions being met. Upon completion of the announced agreements, Newmont will have exceeded its goal of generating more than $2 billion in gross proceeds from non-core divestitures. In February 2024, Newmont revealed its intention to sell non-core assets, including six operations and two projects in its Australian, Ghanaian and North American business units. With agreements to sell assets in Australia, Ghana and now Musselwhite, NEM is focusing on completing the sales processes for its other North American non-core businesses, which are expected to be completed in the first quarter of 2025. Total gross proceeds from transactions announced so far this year are expected to be up to $2.9 billion, including $2.3 billion from non-core divestitures. Newmont c
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NEM
Earnings
- 10/23/24 - Beat
NEM
Sec Filings
- 11/18/24 - Form 8-K
- 11/12/24 - Form SC
- 11/6/24 - Form 4
- NEM's page on the SEC website