'Newmont's Akyem Ghana Gold Mine Draws Chinese Interest; Shandong Gold, Zijin Mining Are Among Firms Showing Interest; China's Chifeng Gold, Australia's Perseus Also Study Asset' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
Newmont Corp. has initiated the sale of its Akyem gold mine in Ghana, drawing interest from several potential bidders, including Chinese producers Shandong Gold Mining Co. and Zijin Mining Group Co., amid rising gold prices. The sale process is being facilitated by Citigroup Inc. Other firms like China's Chifeng Gold and Australia's Perseus are also reviewing the asset.
March 22, 2024 | 4:58 pm
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Newmont Corp. is selling its Akyem gold mine in Ghana, attracting interest from major mining companies due to high gold prices.
The sale of the Akyem mine by Newmont Corp. is significant due to the asset's value and the rising gold prices, which could lead to a favorable sale price. This move might be viewed positively by investors as a strategic divestiture, potentially boosting Newmont's stock in the short term.
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