Newmont Sells Telfer and Havieron to Greatland Gold for $475M

Newmont Corporation (NEM) announced the sale of its Telfer operation, its 70% stake in the Havieron gold-copper project and other related assets in Australia’s Paterson region to Greatland Gold plc. This transaction, part of the company’s broader strategy to divest non-core assets, is expected to close in fourth-quarter 2024 and subject to certain conditions.Per the agreement, Newmont is expected to receive up to $475 million in gross proceeds. This will consist of $207.5 million in cash at closing, $167.5 ...