NEM News: Newmont to Divest its Porcupine Operation for up to $425 Million - 28th Jan 2025, 11:25pm

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Newmont Corporation NEM recently announced the divestment of its Porcupine operation in Ontario, Canada to Discovery Silver Corp. for up to $425 million in consideration. With the completion of all the announced divestiture transactions, including this, Newmont will deliver up to $4.3 billion in total proceeds from non-core asset divestitures and investments.

The expected proceeds of $425 million from the divestiture include cash consideration of $200 million, equity of $75 million in the form ...

>>> Read more: Newmont to Divest its Porcupine Operation for up to $425 Million
 
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