Newmont to Divest Musselwhite Operation for Up to $850 Million
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Newmont Corporation is set to divest its Musselwhite operation for up to $850 million. The company plans to use the proceeds from this divestiture, along with free cash flow from operations, to enhance long-term shareholder value.
November 20, 2024 | 1:15 pm
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Newmont Corporation is divesting its Musselwhite operation for up to $850 million. This move is part of its strategy to use divestiture proceeds and free cash flow to enhance long-term shareholder value.
The divestiture of the Musselwhite operation for up to $850 million is a significant move for Newmont, as it aligns with the company's strategy to enhance shareholder value through strategic asset sales and efficient use of cash flow. This could positively impact the stock price in the short term as investors may view the divestiture as a positive step towards financial optimization.
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