Newmont Announces Agreement To Divest Telfer And Havieron For Up To $475M, Sale Is Part Of Newmont's $2B Non-Core Asset Divestiture Program, Expected To Close In Q4 2024; Says Fully On Track To Deliver 2024 Commitments
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Newmont Corporation has agreed to sell its Telfer operation and 70% interest in the Havieron project to Greatland Gold for up to $475 million. This sale is part of Newmont's $2 billion non-core asset divestiture program, expected to close in Q4 2024.
September 10, 2024 | 4:07 pm
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Newmont Corporation is divesting its Telfer operation and 70% interest in the Havieron project to Greatland Gold for up to $475 million. This move is part of a larger $2 billion non-core asset divestiture program.
The divestiture aligns with Newmont's strategy to streamline its portfolio and focus on core assets. The expected proceeds of up to $475 million could positively impact Newmont's financials and investor sentiment in the short term.
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