Newmont Announces Sale of Eleonore for $795 Million in Cash

Newmont Corporation (NEM) has agreed to sell its Eleonore operation in Northern Quebec, Canada, to Dhilmar Ltd for $795 million in cash. The divestment is expected to close in the first quarter of 2025, subject to certain conditions. Upon closure of the transaction, Newmont will have received up to $3.6 billion in gross proceeds from non-core asset divestitures and investment sales. Dhilmar has extensive experience in gold and copper mining, and NEM believes the former will be an excellent steward of the as ...