NEM Wraps Up Non-Core Asset Sale With Akyem & Porcupine Deal Closures

Core Insights - Newmont Corporation has completed the sale of its Akyem operation in Ghana and Porcupine operation in Canada, marking the end of its strategic divestiture program initiated in February 2024 [1] - The total gross proceeds from these divestitures are expected to reach up to $4.3 billion, with$3.8 billion from non-core asset sales and $527 million from other investments [2] - Following the sale of the Porcupine operation, Newmont acquired approximately 15% of Discovery Silver Corp's common shares, totaling 119,716,667 shares [3] - Newmont plans to periodically review its investment in Discovery and may adjust its holdings based on market conditions and other factors [4] - Newmont's shares have increased by 45.1% over the past year, compared to a 53.3% rise in the industry [6]