Reported Earlier, Newmont To Divest Akyem Mine In $1B Deal With Zijin Mining
Portfolio Pulse from Benzinga Newsdesk
Newmont has agreed to divest its Akyem Mine to Zijin Mining in a $1 billion deal. Newmont will receive $900 million in cash upon closing and an additional $100 million upon meeting certain conditions.
October 09, 2024 | 6:47 am
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Newmont is divesting its Akyem Mine to Zijin Mining for $1 billion. The deal includes $900 million in cash upon closing and an additional $100 million contingent on certain conditions.
The divestment of the Akyem Mine is a significant transaction for Newmont, providing a substantial cash inflow of $900 million immediately and potentially another $100 million. This could positively impact Newmont's financial position and stock price in the short term.
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