Newmont Declares Monetization of Equity Received Through Divestitures

Key Takeaways NEM sold equity stakes in Greatland and Discovery for $470M in after-tax cash proceeds. The deals support NEM's 2025 divestiture strategy focused on non-core asset monetization. Proceeds will help NEM strengthen its balance sheet and boost shareholder returns.Newmont Corporation (NEM) has executed agreements to sell its shares in Greatland Resources Limited and Discovery Silver Corp, for total cash proceeds of around $470 million after taxes and commissions.This move aligns with Newmont’s Fe ...