Newmont Announces Sale of Eleonore for $795 Million in Cash
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Newmont Corporation has announced the sale of its Eleonore mine for $795 million in cash to Dhilmar, a company with extensive experience in gold and copper mining.

November 27, 2024 | 1:00 pm
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Newmont Corporation has sold its Eleonore mine for $795 million in cash to Dhilmar. This divestiture allows Newmont to focus on its core assets and could positively impact its stock price by improving its financial position.
The sale of the Eleonore mine for $795 million in cash strengthens Newmont's financial position and allows the company to focus on its core assets. This strategic move is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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