Key Takeaways Barrick agreed to sell its Tongon mine and exploration assets in Cote d'Ivoire for up to $305M.The deal extends Barrick's portfolio reshaping after multiple asset sales.Proceeds will bolster its balance sheet, fund growth and enhance shareholder returns.Barrick Mining Corporation (B) recently agreed to sell its interests in the Tongon gold mine and certain of its exploration properties in Côte d’lvoire to the Atlantic Group for total consideration of up to $305 million, including a cash consid ...

Group 1 - The bank is looking to sell some of its U.S. branches, which hold approximately $6 billion in deposits [1]

Core Insights - Diamondback Energy, Inc. (FANG) has executed a definitive agreement to divest its 27.5% equity stake in EPIC Crude Holdings, LP for over $596 million, which includes approximately $500 million in upfront cash and a contingent payment of $96 million based on capacity expansion approval by 2027 [1][2][9] Transaction Details and Valuation Implications - The transaction values EPIC Crude at an implied enterprise value of $2.85 billion, indicating the deal's attractiveness and the growth potential within EPIC Crude's midstream infrastructure [3] - The deal is expected to close in early 2026, pending regulatory approvals, including those under the Hart-Scott-Rodino Antitrust Improvements Act [3][9] Strategic Focus and Commercial Partnership Continuity - The divestiture is a key liquidity event for Diamondback, allowing for capital redeployment to enhance upstream operations and strategic initiatives [4] - Despite the sale, Diamondback will maintain a strong commercial relationship with EPIC Crude, continuing as an anchor shipper on the EPIC Crude pipeline [5][6] Growth Prospects of EPIC Crude - EPIC Crude plays a vital role in crude oil gathering and transportation, supporting multiple producers in the Permian Basin, a highly productive oil region [7] - The pending capacity expansion aims to enhance throughput volumes and operational flexibility, reinforcing EPIC Crude's competitive positioning [8] Regulatory Review and Transaction Closing Outlook - The transaction is subject to customary closing conditions, with industry analysts expecting a smooth regulatory review due to its alignment with competitive practices [10] Implications for Investors and Market Positioning - This transaction reflects Diamondback's prudent capital management and strategic asset optimization, strengthening its balance sheet and increasing financial flexibility [12] - The sale price and contingent consideration indicate market confidence in EPIC Crude's operational capabilities and expansion potential [13] Conclusion: Commitment to Operational Excellence and Growth - The divestiture represents a landmark transaction in Diamondback's portfolio strategy, providing substantial capital inflow while maintaining midstream partnership continuity [14]

Core Viewpoint - MPLX LP has announced a definitive agreement to divest its Rockies gathering and processing assets to Harvest Midstream for $1.0 billion in cash, which is expected to enhance its portfolio for growth in key basins [1][2]. Group 1: Transaction Details - The divestiture involves natural gas gathering and transportation pipelines along with 1.2 billion cubic feet per day of processing capacity, which operated at 52% in 2024 [2]. - The transaction is anticipated to close in the fourth quarter of 2025, pending customary closing conditions including regulatory clearance [3]. Group 2: Strategic Positioning - The divestiture is part of a strategic commitment to evaluate the competitive positioning of MPLX's portfolio, focusing on growth anchored in the Marcellus and Permian basins [2]. - Harvest Midstream has agreed to dedicate approximately 12 thousand barrels per day of NGLs from the divested assets to MPLX for seven years starting in 2028 [1][2]. Group 3: Company Background - MPLX LP is a diversified, large-cap master limited partnership that operates midstream energy infrastructure and logistics assets, including a network of crude oil and refined product pipelines [4]. - Harvest Midstream is a privately held midstream service provider based in Houston, TX, operating various crude oil and natural gas gathering and transportation assets across the U.S. [5].

Core Insights - Newmont Corporation (NEM) has sold shares in Greatland Resources Limited and Discovery Silver Corp for approximately $470 million after taxes and commissions, simplifying its investment portfolio and generating additional cash [1] - The company completed its non-core divestiture program in April 2025, expecting to generate $3 billion in after-tax cash proceeds from its divestiture program, which will support its capital allocation strategy [2][8] - Newmont's asset streamlining aims to concentrate capital on high-return, long-life assets, resulting in a $1 billion reduction in gross debt and a record first-quarter free cash flow of $1.2 billion [3] Financial Performance - Newmont's shares have increased by 57% year to date, outperforming the Zacks Mining – Gold industry's rise of 50.5%, largely due to a rally in gold prices [7] - The Zacks Consensus Estimate for NEM's earnings in 2025 and 2026 indicates a year-over-year rise of 31.3% and 6.7%, respectively, with EPS estimates trending higher over the past 60 days [10] Strategic Focus - The divestments allow Newmont to invest in key growth projects such as Tanami Expansion 2 in Australia, Ahafo North expansion in Ghana, and Cadia Panel Caves in Australia, aimed at boosting production capacity and extending mine life [4][8] - Newmont is well-positioned to meet its 2025 targets, continuing to deliver robust free cash flow from its high-quality, long-life asset portfolio [4] Competitive Landscape - Other companies in the industry, such as Barrick Mining Corporation and Kinross Gold Corporation, have also streamlined their portfolios by divesting non-core assets to focus on high-quality projects [5][6]