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Newmont Announces Monetization of Equity Received Through Successful Divestiture Program
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DENVER--(BUSINESS WIRE)--Jul 15, 2025-- Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont” or the “Company”) is pleased to announce that it has executed agreements for the sale of shares in Greatland Resources Limited (“Greatland”) and Discovery Silver Corp (“Discovery”) for aggregate cash consideration of approximately $470 million, net of taxes and commissions. In February 2024, Newmont announced its intent to divest certain high-quality non-core assets, building an unparalleled portfolio of world class gold and copper operations and projects. The monetization of the Greatland and Discovery shares further streamlines Newmont’s equity portfolio, while generating cash for the business.