Newmont to Divest Musselwhite Operation for Up to $850 Million

Newmont Corporation (NEM) has agreed to sell its Musselwhite operation in Ontario, Canada, to Orla Mining Ltd for up to $850 million in total consideration. According to the terms of the agreement, Newmont would get $810 million in cash at closing, plus up to $40 million in contingent payments. The acquisition is expected to be completed in the first quarter of 2025, pending certain conditions being met. Upon completion of the announced agreements, Newmont will have exceeded its goal of generating more than ...