Newmont to Divest its Porcupine Operation for up to $425 Million

Newmont Corporation (NEM) recently announced the divestment of its Porcupine operation in Ontario, Canada to Discovery Silver Corp. for up to $425 million in consideration. With the completion of all the announced divestiture transactions, including this, Newmont will deliver up to$4.3 billion in total proceeds from non-core asset divestitures and investments.The expected proceeds of $425 million from the divestiture include cash consideration of$200 million, equity of $75 million in the form of Discovery ...